Access and Information
I use Quickbooks Online. This gives the client access to the accounting system and ownership of it. You can see your books, your memorized reports, and give various levels of viewing privileges to board members if desired.
My goal is to help you have full understanding and control of your organization's finances so that you can track to your budget regularly.
I help you collect and organize all receipts and documentation online. Having a paper trail for all transactions is an essential component of your fiscal controls and necessary compliance with GAAP.
Every month, I reconcile your accounts to the statements. This includes any bank accounts, money market accounts, or fundraising platform accounts.
After reconciliation I produce monthly reports for your organization including budget to actual reports, balance sheets, and grant balance reports. I can help you standardize these reports for your board and provide you with templates for creating a financial narrative to accompany your financial statements.
Gone are the days when you need to track grant balances separately in an excel sheet. I can track your grant balances and budgets within your accounting system.
Correct Balance Sheet Tracking
Your balance sheet should show your unrestricted and your restricted balances as well as all your other asset, liability and equity accounts. I can help you set these up and track them correctly.
Tracking your vendors correctly and issuing 1099s to them and filing the 1096 to the IRS.
I can help you setup an effective payroll system or modify your accounting system to fit your correct payroll system.
Compliance with Generally Accepted Accounting Principles (GAAP)
GAAP has new requirements for nonprofits accounting standards. I stay abreast of all changes and help my clients to stay in compliance.