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Accounting Solutions for Nonprofit Org and Charter Schools

bookkeeping for nonprofits new york

Get our FREE guide to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization’s finances. Many start-up nonprofits engage us for a period of time until they reach a size where they need their own full time bookkeeper. Form 990 provides an overview of your organization’s activities and must be filed annually to the Internal Revenue Service. We work with management to get the governance and financial information required to file efficiently and timely. Accounting Solutions is a New York based accounting firm with over a decade of accounting and auditing experience.

Particularly, we can provide nonprofits with annual Form 990 document preparation services ranging from the setup and maintenance of the organization’s fiscal records on an ongoing basis, to completing the annual Form 990 itself. The Form 990N (postcard), Form 990T for taxable income, IRS Form 990 EZ and Voluntary, and the Form 990PF for private foundations are documents that we professionally prepare annually for nonprofits nationwide. Starting a nonprofit organization can be as complicated as it is inspirational. For nonprofit administrators, managing an organization’s services as well as its operations can sometimes be overwhelming.

Accessibility Statement

In addition to paying employees, office & equipment expenses, and technology costs, nonprofits also need the right processes and procedures in place for audit readiness and mitigating watchdogs. All of our bookkeepers are US-based, Quickbooks ProAdvisor certified, and experts in nonprofit accounting. We understand that maintaining cash flow is vital to any nonprofit, and we’re here to help.

Your mid-sized business is more in need of dedicated bookkeeping services today than when it was in its infancy. YPTC is not a CPA firm, and provides no attestation services with regard to financial reports. A full-time bookkeeper handles the day-to-day accounting functions for your office. Keeping your books in order and up-to-date is important Bookkeeping Services in New York for the basic financial strength of your organization. We provide you with accurate financial statements with actionable insights presented in a clear and easy-to-understand format, so you always know where your resources are going. A. If your nonprofit is really small, you can manage it fine without creating a balance sheet each month.

Tax-Exempt Organizations

Want an easier way to quickly share the information your nonprofit needs to make informed business decisions? Are you interested in converting piles of information into a dashboard that’s not only easy to understand but accessible? YPTC offers data visualization services that can help you make data-driven decisions and access the information that you need to run your organization from anywhere. This is when you’ll need more advanced bookkeeping, accrual-based accounting, and management and board reporting to help you make data-driven decisions that drive your mission forward. A nonprofit bookkeeper is in charge of categorizing and recording transactions, reconciling bank statements, and producing financial statements. Others may be involved in the day-to-day activities of budgeting and paying the nonprofit’s bills.

bookkeeping for nonprofits new york

That’s why we do more, hosting free, informative seminars designed to help our nonprofit clients broaden their understanding of accounting requirements and regulations. The financial insights made available through a robust back office will help you identify, measure, and track key performance indicators that can help you determine the best way to use your resources to accomplish your mission. We work with all types of nonprofit organizations such as charities, health services, human services, foundations, and membership organizations.

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So not only do our clients get personal attention from our nonprofit experts, they also get the national experience of one of the leading industry think-tanks. Many small business owners manage their own bookkeeping when their company first begins in an effort to save money. Our team is here to take that task off your hands, saving you time while giving you the confidence of knowing your books are being handled by specialized professionals. In addition, Sean has experience as an accounting manager in various industries, specializing in sales tax issues, reconciliations, and audit support.

  • However, as they began applying for larger grants, without accurate reporting they did not look healthy from a financial perspective and were initially turned away.
  • We provide nonprofit executives with the reassurance and security of knowing that their finance department is running the way it’s supposed to.
  • Buchbinder has offices in New York, New Jersey and Maryland and serves non-profit organizations nationally.
  • Starting a nonprofit organization can be as complicated as it is inspirational.
  • We work with management to get the governance and financial information required to file efficiently and timely.

Bookkeepers are in charge of maintaining your books closely day in and day out. Their focus is on recording the financial transactions of your organization through maintaining records, tracking transactions, and creating financial reports. Our clients are provided a deeply-discounted subscription to the leading, cloud-based accounting software platform available, Quickbooks Online.


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