We provide the expertise you need to help your nonprofit serve more people, raise more money, and drive your mission forward. Finally, board members are personally liable for their custody of the nonprofit organization’s assets. You want to ensure your back office is run smoothly and efficiently to ensure bookkeeping for nonprofits the errors & omissions policy that protect you is always paid up and that your financial reporting is handled accurately and compliantly. Bookkeepers are in charge of maintaining your books closely day in and day out. They are responsible for all data entry into accounting ledgers or software.
Get ready for taxes: Here's what's new and what to consider when filing in 2022
— Sean W Brewer (@Brewer_CPA) February 9, 2022
This means they’ll work with your team so that everyone understands the cash needs now as well as those projected for the future. The Jitasa team ensures that every organization it works with has all of the tools it needs to effectively record financial transactions and take appropriate action with its mission in mind. When you’re looking for the right fit for your nonprofit, make sure to analyze the size and type of clients the firm has worked with before. This in addition to having conversations with the firm before launching an engagement will help you ensure you’re making the best choice.
Outsourced Accounting For Nonprofits
We provide you with accurate financial statements with actionable insights presented in a clear and easy-to-understand format, so you always know where your resources are going. Many small nonprofits invest in Kiwi Partners for a period of time until they have the capacity to hire their own full-time bookkeeper and accountant. Medium-sized nonprofits turn to their services if their own accounting department is under a lot of additional stress from external circumstances or internal changes. This platform makes it easy to contact and work with expert freelancers in any financial field, so your nonprofit can improve its financial strategies.
What are the benefits of having an accountant for my non-profit organization?
The benefits of nonprofit accounting services include security, ability to monitor financial visibility and track grants, up to date compliance, quick data access, and so much more.
One of our firm’s core values is to PAY IT FORWARD, which fuels our passion for making a difference in the communities where we live and work. We believe that being a good steward results in positive changes to the world around us. Provide your board financial statements to understand the health of your organization.
Our Favorite Outsourced Nonprofit Accounting Firm: Jitasa
We can provide you with the following services on a monthly basis, whichever suits you the best, helping your 501c3 nonprofit organization save time and resources so that you can focus on your goals. Now more than ever, part-time or in-house bookkeeping is not ideal, and switching to outsourced bookkeeping or accounting is becoming a more common solution. Many organizations are concerned about making the jump over to outsourcing, but with today’s advancements in technology, working with a remote expert team is almost seamless. Outsourcing can provide advanced and less costly bookkeeping services than a typical in-house bookkeeper. Offers outsourced accounting, human resources, and technology consulting services to help nonprofits optimize operations. When you choose to outsource accounting to Kiwi Partners, they’ll help you perform weekly bookkeeping tasks, craft an effective operational budget, and set up financial software and automated reports.
- Nonprofit organizations at every stage, and every size, experience accounting challenges.
- No matter how simple or complex your accounting needs may be, our professionals have the required experience to help your organization increase its effectiveness through professional bookkeeping support.
- And we can offer you on-demand advice on grant utilization, fundraising strategy, tax compliance, and other topics that often trip up growing nonprofits.
- As a part of your team, Supporting Strategies will bring streamlined processes and enhanced controls to your organization, so you can focus on your mission.
- If inventories or accounts receivables are important in your nonprofit, balance sheets will clearly point out any significant fluctuations that you should be aware of.
If you choose GrowthForce, your nonprofit will be assigned a three-person team at their U.S.-based service center. This team will help drive profitability and growth by digging deeper into your financial information in search of actionable insights for improvement. Now, let’s dive in to learn more about our favorite outsourced accounting firm— Jitasa. Take our 2-minute survey to find out if outsourced accounting and bookkeeping is a good fit for your organization. McKonly & Asbury provides advisory, assurance, entrepreneurial, and tax services to many of the region’s largest and most well-known companies and organizations. Did you know that each year, 1 out of 3 businesses pays the penalty to the IRS and state authorities? With Goshen’s payroll service, you’ll never miss a tax deadline, and your data can be allocated to different projects, programs, and funding.