Your nonprofit’s biggest cheerleader and outsourced accounting department

We believe in the power of nonprofits to create change, and we’re committed to providing the tools and expertise to drive your mission forward. Partner with Givefront and experience the difference of a service that puts your mission first. We are extremely pleased with the exceptional hospital billing services provided by Invensis. Their expertise and attention to detail in Medicare billing and compliance in medical billing have streamlined our revenue cycle and improved financial performance. Invensis’ auditing and taxation services assisted us in effecting significant changes in the business’s focus and nature.

• As a result, it’s fantastic to arrive at work every day without any backlog.
• Instead, spend that manpower and resources on finding an outsourced financial services business.
• Our nonprofit accounting services team assists with implementing, optimizing, and maintaining these systems to ensure seamless integration with your existing financial processes.
• Jitasa’s tax specialists have filed more than 4,000 tax returns for nonprofits of all shapes and sizes.

Nonprofit Accounting Services:

Instead, spend that manpower and resources on finding an outsourced financial services business. Bookkeeping services are handled by a team of professionals who have experience in the field with nonprofits. Many of these experts have worked with religious organizations, foundations, and even museums. They use software and knowledge of financial trends to help your nonprofit succeed. This type of accounting tracks and manages the funds received through grants, ensuring that the money is used according to the terms outlined by the granting organization. Nonprofits must carefully account for payroll these funds to meet reporting requirements, track spending, and avoid compliance issues with funders.

• Nonprofit organizations are entities organized and operated exclusively for educational, social, professional, charitable, health, or other nonprofit purposes.
• Included free with your engagement, our team of Intacct and Quickbooks Online experts will migrate, setup, and review your chart of accounts to ensure it aligns with GAAP and nonprofit standards.
• This statement provides a snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time.
• In addition to your IRS Form 990, we’ll prepare any other forms you may need.
• Bookkeeping for a nonprofit is the process of entering, recording, and classifying an organization’s finances.

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These represent accounting rules that standardize reporting of financial statements. We offer a full range of accounting services including tax preparation, payroll processing, financial reporting, and more. We accounting services for nonprofit organizations understand that each client has unique needs, and we work closely with our clients to provide customized solutions that meet their specific needs. We are pleased to offer affordable and reliable bookkeeping services to the organizations that have given so much to our communities.

SERVING NONPROFIT ORGANIZATIONS

• In contrast, the accrual basis of accounting recognizes income when it is earned and expenses when they are incurred, regardless of when cash transactions occur.
• Luckily, outsourcing bookkeeping services can ensure integrity for your nonprofit.
• From reconciling accounts to compiling financial statements, our accountants are here to help your nonprofit regain control over your finances, reach your goals, and plan for growth.
• This requires meticulous tracking and reporting to ensure each fund is used appropriately.
• Accounting, on the other hand, is using that information to provide a detailed analysis of your finances.
• Discover a fully customized approach to managing your nonprofit’s accounting needs.

For example, bookkeeping ensures your nonprofit uses its revenue wisely and maintains its tax-exempt status. Accounting, on the other hand, is using that information to provide a detailed analysis of your finances. Despite its challenges, a career in non-profit accounting jobs is rewarding, offering job Bookstime stability in a sector dedicated to public service and social impact. Salaries can vary based on the size of the nonprofit and the accountant’s experience level, with ample opportunities for growth. Moreover, there’s a growing demand for skilled accountants in the nonprofit space, making it a viable career path for those interested in blending finance with mission-driven work. Depending on the size of your nonprofit organization and the number of transactions, it may be wise to do bank reconciliations once a month.

Budgeting. Board demands. Donor requirements. IRS regulations. Changing technology…

For example, a lawyer may review a contract for your nonprofit and refuse to charge a fee. Now that you know the many benefits of using an outside service, request a meeting with us to get started. Instead of spending time organizing receipts, invoices, and payroll, handoff those duties to an expert. Thank you for contacting us about our Nonprofit Accounting Services. Learn how a 3PL company improved efficiency by partnering with Invensis and minimizing errors in AP and AR invoice processing.

Request a Free 30-minute Consultation With Our Nonprofit Accounting and Bookkeeping Specialists Today!

Our experts are well-versed in the specific accounting standards applicable to nonprofits, ensuring that your financial records are accurate, transparent, and compliant with IRS regulations. What sets YPTC apart is our background in nonprofit-specific financial management. For over three decades, we’ve worked with executive directors and board members across a variety of organizations to fulfill their missions more effectively and efficiently. In the specialized field of nonprofit accounting, having the right tools and resources can significantly enhance efficiency and accuracy. For nonprofits, utilizing specialized accounting software and engaging in educational courses can offer the necessary support to meet the unique financial reporting requirements.