Out-of the box accounting software will not meet your nonprofit accounting and reporting needs, and accountants and bookkeepers with no nonprofit experience do not understand your business and reporting requirements.
I take the time to understand all organizations I work with and their specific tax-exempt mission and programs. Then I work with your team to build an accounting system that is specific to your organization and generates real-time one-click reports. The system I design for your organization will allow your team to track expenditures by functional category and department, and to perform the grant tracking essential for grant compliance and solicitation. I also work with clients to set up a custom balance sheet to track pledges, payables and deposits.
Once the system is designed, I work with staff to provide the necessary training to ensure correct and complete data is entered and reconciled on a monthly basis. As needs and programs change, I make the necessary edits to ensure your system is dynamic.
I can create financial statement templates that are clear, accurate and in a format that Management and your Board will understand. Standard statements include an Operating Statement, including detailed spending by program, and a Statement of Financial Position (balance sheet) for each meeting.
By properly reporting your organization's assets, liabilities, revenues on an accrual basis and expenses by program, your Management and Board will be better able to perform their fiduciary duties.
I can work with your organization to produce financial statements for each meeting and/or train your finance staff to do so.
Through my extensive experience working with multiple organizations as an auditor, consultant and in management, I can evaluate what the proper number of finance staff and levels of expertise are appropriate for your organization.
During time of transition, organization's management often lacks the expertise to properly evaluate the knowledge and competence of finance candidates. I can leverage my expertise to support your organization in screening resumes and interviewing candidates.
Small to medium size nonprofit organizations typically lack the in-house expertise and capacity to properly prepare for the annual external audit. I work with staff to ensure all balance sheet and P&L transactions are properly recorded in accordance with nonprofit GAAP. This includes pledge discounting, depreciation, prepaid insurance, merchandise inventory, accruals, revenue recognition and endowments. Finally, I prepare the year-end financial statement. This work leads to fewer auditor journal entries and reduced fees.
Once the audit is completed, I work with organizations to compile information their external auditors need to prepare the Form 990 and state tax filings.