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