Their approach focuses on detailed record-keeping, streamlined reporting, and real-time financial data access. Jitasa is a bookkeeping and accounting firm for nonprofits, churches, and congregations. The company’s bookkeeping services focus on data entry, expense tracking, and revenue allocation. It also assists with bank statement reconciliation at month-end to ensure IRS compliance. Some donations and grants will come into your organization restricted for specific purposes. Nonprofit fund accounting differs from for-profit accounting because it ensures accountability to the donors’ wants and tracks how these funds are allocated.

• Each donor record includes complete contact information, donation frequency, average gift amounts, and special notes about their interests or connection to your organization.
• It cannot report non-monetary income like in kind donations and fails to provide insight into future financial obligations because it only focuses on current cash flows rather than outstanding pledges.
• We base our pricing on the amount of work, not the revenue of the organization or business.
• At Chazin, we understand that every nonprofit is unique, which is why our training programs are custom-designed to address your specific challenges and goals.

Nonprofit Bookkeeping Tailored to Your Organization

• Nonprofit organizations face unique challenges when it comes to financial management.
• Over 100,000 nonprofits worldwide have used our tool to boost donations with features like peer-to-peer fundraising, text-to-give, event ticketing, recurring donations, and more.
• Fund restrictions, grant tracking, board reporting—these things take a specialized approach.
• While an accountant will interpret financial reports and make informed suggestions for the board, a bookkeeper is responsible for organizing the nonprofit’s data to create these reports.
• This is different from the statement of activities, which shows the organization’s financial performance over a period, offering a more detailed view of revenues, expenses, and changes in these assets.

After having worked with nonprofits with a budget of #1M+ for over 25 years, we understand how to do your bookkeeping like few do. We typically post revenue and expense reports, including payroll entries, throughout the month. If you have specific timing needs or grant requirements, we’ll work with you to meet them. Partner with The Charity CFO to get nonprofit bookkeeping support that’s accurate, responsive, and made for mission-driven teams. Know how Invensis provides accurate accounting & bookkeeping services for a restaurant which helps effective cost monitoring and growth. Invensis’ auditing and taxation services assisted us in effecting significant changes in the business’s focus and nature.

Fund Accounting and Organization

In this episode of What the Fundraising, we demystify the numbers behind your mission and talk all things nonprofit business. We can quickly and smoothly fix your books and restructure your system while customizing it to fit your needs and unique staffing structure. Jitasa’s tax specialists have filed more than 5,000 tax returns for nonprofits of all shapes and sizes.

Ready to chat about how hiring a bookkeeper can streamline your financial management?

From detailed financial reporting to strategic planning, Jitasa empowers Seattle-based nonprofits to optimize their operations, enhance fundraising efforts, and achieve their mission more effectively. Our Fractional CFO services offer invaluable insights and guidance, enabling nonprofits to make informed decisions, plan for the future, and maximize their resources. Embrace the opportunity to elevate your nonprofit’s financial health and strategic direction with Jitasa’s support in Seattle.

• Since 1999, Fohrman & Fohrman has helped hundreds of organizations of every size by providing specialized nonprofit accounting expertise on demand.
• Our team ensures that all funds are tracked accurately and used in accordance with donor restrictions, providing detailed reports to satisfy grantors and auditors.
• You must keep these funds separate from your personal account to remain transparent and provide required reports to your board and the IRS.
• We prioritize the security of your financial data by using secure, encrypted systems and following best practices in data protection.
• As your nonprofit grows, you must protect yourself and the organization from fraud.
• Chazin can work with you as your entire accounting department or to support your current in-house department.

Whether you need help with day-to-day bookkeeping, preparing for an audit, or navigating complex grant reporting, our nonprofit accounting services help you stay focused on what matters most. Our team specializes in the nonprofit industry, so we know the ins and outs — from tracking restricted funds to ensuring compliance with ever-changing regulations. We offer affordable and tailored bookkeeping and accounting services designed specifically for https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ nonprofit organizations. No matter your location, staff size, or revenue, our expert team is here to meet your unique accounting needs.

Considering Outsourced Bookkeeping for Nonprofits?

At Telos CPAs, we offer integrated bookkeeping and accounting services specifically designed for 501(c)(3) organizations and other nonprofits. Our team ensures your financial systems are accurate, compliant, and mission-aligned—so you can focus on impact, not spreadsheets. One of the most valuable aspects of my nonprofit bookkeeping services is creating and maintaining a comprehensive donor database within QuickBooks Online. This system goes far beyond basic donation tracking to provide powerful insights that support your fundraising efforts and donor stewardship.

How do you become a bookkeeper for a non-profit?

Your nonprofit’s bookkeeper must prepare regular reports for the organization’s Board of Directors that provide updated financial information. Accounting software can make this process easier and help your bookkeeper follow GAAP standard accounting principles. Nonprofits of all sizes use the following software to create and keep these reports up to date. At Velu LLC, we provide nonprofits with expert CFOs, accountants, and bookkeepers who create fully integrated, all-in-one support accounting services for nonprofit organizations systems.