Our accounting firm provides a wide range of financial services tailored to meet your specific nonprofit needs. From bookkeeping to financial consulting, we are dedicated to helping you achieve your business goals. The fact is that nonprofits often have special circumstances and require more assets = liabilities + equity personalized assistance. Not every accounting firm offers that type of close attention and care, but Cg does.
Review classifcation of vendor invoices
Nonprofits depend on funding to fulfill their missions—but what happens when those funds suddenly disappear? From donor withdrawals and grant losses to economic downturns and emergencies like cyberattacks, financial crises can arise unexpectedly. Your company withholds FICA taxes (along with their federal income taxes) from your employees’ paychecks. You’ll then accounting services for nonprofits transfer these funds, along with your own contributions, via the Electronic Federal Tax Payment System (EFTPS).
Mine your nonprofit’s audit report for good suggestions
Our nonprofit accounting services team assists with implementing, optimizing, and maintaining these systems to ensure seamless integration with your existing financial processes. NFP Partners is an outsourced nonprofit accounting firm that’s dedicated to helping organizations create strategic accounting practices and documents. Your success is our success, so we’ll do everything we can to help you thrive. We’ve worked with charitable organizations, foundations, trade associations, veterans organizations, and more, so we know what nonprofits need. We’ll take time to understand your goals and values, then use them to provide top-notch accounting services that streamline your finances and advance your cause.
Accounting is our business, but nonprofits are our passion
Our Accounts Payable workflow has generated daily volumes of invoices to be processed, Bakery Accounting and Outsourced Bookkeeping handles the volume precisely. As a result, it’s fantastic to arrive at work every day without any backlog. With our specialized expertise and ongoing professional development, you can be confident that you’re in compliance, avoiding penalties, and maximizing your impact. “In complex transactional situations, the firm has had the expertise to help us handle all of them without breaking stride.” – Jon R.
- These platforms allow for real-time data access, improved collaboration, and secure storage of financial information.
- An accountant from our team can assist clients in selecting the right accounting software and hardware, developing budgets, and attaining the most effective processes and infrastructures.
- Many nonprofits are turning to outsourced human resources service providers to address these issues.
- We’ll dig into your current processes and accounting structure and help you find new tools or reports that make your life easier.
- We can also help analyze and fill knowledge gaps between your leadership and immediate successors, and provide coaching to these individuals throughout the transition.
Compliance and Regulatory Adherence
Our financial solutions are customized to meet your nonprofit’s specific needs. We will recommend the right solutions for your organization, including accounting packages and applications for accounts payable/accounts receivable, as well as expense and time tracking. Improve efficiency at a fraction of the cost with powerful and scalable accounting software. We support clients using various applications and provide access to robust solutions that automate monthly accounting functions. Invensis’ auditing and taxation services assisted us in effecting significant changes in the business’s focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally.
We help nonprofits and small businesses succeed through fiscal sponsorship, accounting and HR services, and specialty Impact Lab programs. Consistency is a priority for us, and that’s why we’ll provide 1-2 dedicated accountants for your organization. If someone goes out of town, you have a team that will take care of your account while they are away. Mission Edge has been one of our most critical partners as a young company. Every interaction with them has improved us, from guiding us through successful accounting practices to ensuring that we have robust Human Resource offerings.