Non Profit Accounting Services

OUTSOURCED ACCOUNTING SERVICES FOR NON-PROFITS

Typical businesses are set up to generate profits for shareholders whereas nonprofits are focused on providing needs in their community or society. Instead, they are beholden to board members and more importantly their mission. This transparency grants non-profits a tax exemption status.

KEEPING UP WITH NON-PROFIT ACCOUNTING STANDARDS

We recommend following and adhering to the standards set by the American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Standards Board (FASB) for nonprofits. These standards are kept up to date with the latest laws to ensure you stay in compliance.

REVENUES & EXPENSE FOR NON-PROFITS

While nonprofits are not reporting to stakeholders, it’s important to track your revenue and expenses. With revenue coming in through donations, programs, sales, membership fees, grants, and fundraisers, a streamlined system will ensure that you are able to provide the community with an accurate outlook for the mission’s future.

“Savvy Financial Solutions is the backbone of our back office. The invaluable clean up from our previous accountant and exceptional interaction with our staff, are the minor perks in comparison to the other ongoing services provided. From grant compliance to vendor bill payment, excellent services and attention to detail have been provided.“

DR. HEDIEH MIRAHMADI Executive Director World Organization for Resource Development and Education (WORDE)

Are you a nonprofit or in need of outsourced accounting or bookkeeping services? We work with you too!

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