Transactional Bookkeeping services
Ensure the bookkeeping process is organized, timely and done through the lens of an experienced CPA, so your nonprofit can focus on its mission.
Pay bills and contact vendors as needed
Deposit cash and checks
Reconcile credit card merchant account deposits
Run payroll
Reconcile bank accounts
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
Tax preparation
An experienced, specialized CPA will prepare a complete form 990 and accompanying schedules in accordance with rules specific to nonprofits, and within the deadlines required by the IRS.
- 990, 990EZ, 990N, CA-199 and CA RRF-1 preparation with accompanying schedules
- Year-end 1099s
- Quarterly CA 592s