Accounting for Nonprofit Organizations

nonprofit bookkeeping services

Overall, Blackbaud Financial Edge NXT is powerful nonprofit accounting software that offers a variety of features and benefits to nonprofit organizations. Jitasa’s nonprofit bookkeeping services focus on data entry and allocation of both revenue and expenses. Our professional process will set your organization up for success in all of your financial management and accounting activities.

nonprofit bookkeeping services

Absolutely, we can have regular meetings so you can advise on the reporting you need and you can access your bookkeeping online at any time to pull reports and review the books. In short, if you want to make sure your nonprofit is run efficiently and effectively, investing in an accounting program is a wise decision. If you have a small organization with a simple financial structure, you may be able to get by with a basic accounting program.

Nonprofit accounting: an overview

Another option is Less accounting, which has a more streamlined interface that some users find easier to use. One popular option is QuickBooks Online and QuickBooks Nonprofit Edition, which offer a wide range of features at a reasonable price. Some providers offer discounts for longer-term commitments, so it’s important to compare pricing before making a purchase. The cost of add-on applications varies and is typically based on a monthly subscription fee.

nonprofit bookkeeping services

We provide nonprofit executives with the reassurance and security of knowing that their finance department is running the way it’s supposed to. We segregate duties and provide control activities to provide an internal line of defense for your nonprofit. This means you’ll always get continuous service, no matter how complex or minor your accounting needs are.

Financial statements for nonprofits

For small nonprofits, the most important accounting program features are ease of use and affordability. By taking the time to find a secure accounting solution for your nonprofit, you can help protect your organization’s finances. To ensure the security of your nonprofit’s financial data, it is important to do your research. This kind of software provides the features and functionality necessary for nonprofits to manage their finances responsibly and transparently. However, making sure that the software you choose includes both fund accounting and financial features will help you to get the most out of it.

  • Although it’s possible to manually generate financial statements from your ledger or spreadsheet, it takes a ton of accounting knowledge and time to do it right.
  • If you’ve dealt with for-profit cash flow statements before, this should look very familiar.
  • Consistency is a priority for us, and that’s why we’ll provide 1-2 dedicated accountants for your organization.
  • Virtual outsourced accounting is a specialized service that provides one or multiple accounting functions to your organization.
  • One benefit of QuickBooks Enterprise is that it is designed specifically for nonprofit organizations.
  • When the time comes to report your financial activity or make a budgetary decision, you’ll be equipped with precise and thorough information.
  • It goes without saying that you should never use your personal bank account for your nonprofit organization.

If they want to maintain this status, they need to do accurate bookkeeping. This means your Chazin & Company team is accessible each and every workday – not just certain times of the month. We combine proactive and personalized service with tailored communication processes to cultivate a collaborative relationship, so you feel like we are just nonprofit bookkeeping services down the hall. I hired Nonprofit Bookkeeping to help me focus and organize my books and finances. I am ever appreciative of their quick response time, clean reporting, financial advice, and personal flair for making something as tedious as bookkeeping enjoyable. Pick a time—right now—to connect with a nonprofit bookkeeping professional.

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And we’ll show you how to use those reports to make smarter decisions for your organization. Since every nonprofit is different, it’s impossible to say one software is the best – but there are some excellent options. Look for a program that is easy to use, efficient, and available on numerous devices. The selected program should be able to automate everyday tasks and minimize errors. FreshBooks accounting software accomplishes all of these tasks with ease and is an excellent choice depending on your needs.