Although the workings of Nonprofit Organizations are noble, good, and of benefit to society and humanity, such organizations never have an easy time when it comes to managing money. At Elevar Accounting, we specialize in offering a complete range of bookkeeping services for non profit organizations in a manner that promotes accuracy, adherence to regulations, and financial transparency. Here’s how our experts can help your non-profit sector for better financial outcomes:
Most non-profit institutions are likely to have a number of financing sources, including grants, funds from donations, and restricted funds. Our accounting services for non profit organizations include maintaining detailed records of funds, where every dollar received is tracked individually. With such detailed bookkeeping for nonprofit organizations, you can be transparent with your donors, adhere to grant compliances, and gain good insight into how funds are spent by the organization. With the use of our accounting services for non-profit organizations, it becomes possible to manage each fund appropriately. Our detailed record-keeping also helps with building trust among stakeholders and grant providers.
The aspect of grant management can be one of the most complicated when it comes to accounting for non profit organizations. Elevar’s bookkeeping services for non profit organizations provide the remedies to ensure that your organization is compliant with grant requirements, including the usage of funds, tracking due dates, and making necessary financial reports for the grantors. This helps your non-profit organization to apply for and receive more funding in the future without breaking any laws. Our bookkeeping services for non-profit organizations help manage several grants without the trouble of non-compliance so that you can feel secure while seeking more funds from other sources.
One of the bookkeeping activities for nonprofit organizations contains precisely monitoring the donations that are coming in. Elevar Accounting enables your non-profit business to record and track the client’s donations. Through our accounting for non-profit organizations, we’ll be able to prepare reports for the donors so that you maintain a good relationship with the donors and encourage donations in the future. Our experts offering nonprofit accounting services will help to establish a clear and reliable system for donor management. We help manage donor trust through transparent accounting. Tracking donations is no more complicated.
Budgeting is something that helps non-profits plan how they will meet their financial requirements and carry out their activities/services to society. As part of our nonprofit accounting services, we prepare budgets and financial projections that help stakeholders and managers plan organizational strategies. We help you with your future needs by offering financial wisdom that guides you in distributing finances in such a manner that your entity does not become unstable. So, if you want to strengthen your programs or simply continue offering them, our bookkeeping for nonprofit organizations makes it possible by helping you reasonably plan the company finances and sustain them in the long run.
Tax filing is different for non-profit organizations. It involves filing Form 990 and also maintaining a tax-exempt status. While these may sound simple, the calculations and filing process tell a completely different story otherwise. Elevar’s accounting services for non profit organizations are determined to take the burden off your shoulders and deal with the returns, making sure that your organization adheres to the taxation laws on time. IRS compliance is ever-changing, and our nonprofit accounting services ensure that you always adhere to the regulatory frameworks. We are committed to offering accounting services for non-profit organizations that aim to drive your company toward the retention of tax exemption status.
Most nonprofits are required to have financial reports prepared for audits or other reviews. Elevar’s bookkeeping for nonprofit organizations prepares financial statements for your organization and makes sure all your financial reports are clean, fair, and in accordance with GAAP (Generally Accepted Accounting Principles). Apart from providing financial management assistance for an audit, our firm takes care of the related audit concerns by providing the required documents, addressing any questions raised, etc., to optimize the audit's effectiveness. Our proactive bookkeeping services for non profit organizations always keep you prepared for external reviews. We make sure that you don’t face any problems due to non-compliance.
Elevar Accounting applies a systematic process to handle the financial aspects of your nonprofit organization. Our accounting services for non profit organizations improve financial transparency and accountability through the use of management tools that provide timely reports and accurate bookkeeping for nonprofit organizations that assist in the decision-making process.
Compliance is necessary for non-profits since it protects their tax-exempt status, which makes them eligible for grants. Thanks to Elevar accounting services for non profit organizations, you don’t need to worry anymore about IRS, grant, and state filing compliance. By outsourcing your tax fillings, report making, or monitoring of your financial transactions to us, you can easily eliminate the risk of errors and penalties, which could be very expensive.
Sustaining and scaling the operations in any organization requires an effective financial plan. Elevar Accounting gives you bespoke financial planning and bookkeeping services for non profit organizations to aid in your service expansion. Whether it is growing programs seeking more grants or increasing donor contributions, with our quick and accurate accounting for non profit organizations, we empower your organization with the financial strategies and resources required for continued success.
At Elevar Accounting, we understand non-profit and financial management is not always easy. Our accounting and bookkeeping services for non profit organizations cover the entire range of accounting activities, from more complex management of bookkeeping to compliance with reporting requirements for grants and taxes. Allow us to assist you. Focus on what is most important – your mission – while we manage your accounting needs.
Keep your firm’s accounting records clean and transparent. Dedicated accounting solutions for nonprofits to support their mission.
Get in touch today to find out more about our services and how we can help with your accounting needs.