Nonprofit Expertise

Nonprofits have specialized accounting needs. We provide the CPA firms that serve them with a complete solution for managing their outsourced accounting needs.

Yann Beaullan-Thong, Accsurant’s president, talks about some of the challenges facing firms that service nonprofit clients.

We understand what makes NPO accounting different

Accounting firms who serve NPO clients face special challenges:

  • Most NPOs run lean operations where every cent counts. Pricing work for NPOs must be accurate and time spent on delivery must be carefully tracked to ensure margins are maintained.

  • NPOs are highly regulated entities that also face tight scrutiny from demanding stakeholders like boards, donors, and grant givers. This means frequent financial reporting with complex requirements.

  • For many NPOs, grants and other restricted funds are important sources of revenue. Ensuring these funds are used appropriately and that money is fully utilized requires careful, and time-intensive monitoring.

  • Your NPO clients will benefit from strategic and financial advice, which you can only give if you have a solid grasp of, and trust in the underlying numbers.

  • Finding qualified accounting staff is difficult under any circumstances. Finding qualified staff with nonprofit expertise is doubly so.

We understand the challenges you face in serving your NPO clients. We are experts in helping accounting firms deliver outsourced accounting services to this specialized sector.

Non-profit Services we offer

NPOs have unique reporting requirements. We help our clients complete and submit: 
  • 941 Reconciliations
  • Form 990, 990-EZ, 990-T and 990-PF preparation
  • Bureau of Labor Statistics reports
  • Functional Expense Statements

Accurate, timely and easily read financial reporting is essential for NPOs; not only for ensuring compliance but for demonstrating to stakeholders how well they are filling their missions. We help our clients prepare and manage:

  • Annual budget and regular budget updates
  • Monthly financial statements
  • Functional expense statements
  • Analysis for restricted funds

Managing restricted funds is time consuming and painful. We help our clients through:

  • Ensure all expenses are properly allocated to appropriate funds as part of normal bookkeeping and accounting processes
  • Reporting on fund usage as part of monthly financial statements
  • Analysis on time-restricted funds to ensure all monies are fully utilized. 

Accurate and timely accounting services provide you with the numbers you need to advise your clients. We help our clients:

  • Record monthly bank transactions
  • Bank reconciliations
  • Account reconciliations
  • Track donations
  • Manage fixed assets
  • Record payroll transactions

Our Audit Preparation services include:

  • Pre-audit planning and project management
  • Reconciliation of bank accounts, fixed assets, accrued and prepaid expenses
  • Preparation, analysis, and updating of audit workpapers and schedules
  • Reconciliation of balance sheet accounts
  • Evaluation of revenue and expenditure accounts 
  • Preparation of draft financial statements and accompanying footnote disclosures
  • Assistance with external auditor requests and communications

Software Expertise

Why Accsurant

We provide you with quality staff you can rely on with the margins you need to grow your business.

  • Stability: We’re a subsidiary of MResult, an American company based in Connecticut with 16 years of experience delivering knowledge-based teams to Fortune 500 companies
  • Reliability: Our turnover rate is less than half of the industry average
  • Partnership: A true partner that is willing to share the risk by starting small and growing your team as needed.
  • Process: A proven method for improving margin and operations for Outsourced Accounting Practices

Contact Us

Contact us with questions or to tell us more about your needs.