Accounting

An outside CPA will prepare nonprofit specific financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for Management, Board of Directors, and Funders, so your organization can focus on the work needed to fulfill its mission.

  • Reconcile all balance sheet accounts and prepare schedules for auditors

  • Post and allocate payroll

  • Allocate shared costs

  • Review transaction coding and provide feedback

  • Track and release restricted grants and donations

  • Prepare client or government invoices and drawdowns

  • Prepare journal entries as needed so the financial statements are in accordance with GAAP

  • Prepare the Statement of Financial Position, Statement of Activity, Statement of Functional Expenses and other reports

  • Present the financial statements to Management or the Board of Directors