Outsourced Accounting for Nonprofits: Top 10+ Firms

Kiwi Partners is a great option for organizations looking for temporary support for their financial needs. For example, a large organization may turn to their services when transitioning to an in-house accounting expert or if they need additional services to supplement their existing accounting department. If your nonprofit has on-premise, outdated accounting software or is switching from spreadsheets, Jitasa is here to help! These experts will help you to set up your Quickbooks system, migrate your data, and get moving on a cloud-based system that works. Between the competing demands of management, auditors, funders, board members, and staff, you need a partner who knows nonprofits.

Their team of accountants will help you with year-end taxes, financial audit preparation, monthly financial statements preparation, account reconciliations, data entry and allocations, and more. They provide everything you need from their outsourced accounting firm for nonprofits, helping mission-driven organizations reach their full potential. An outsourced nonprofit accounting firm that’s dedicated to helping organizations create strategic accounting practices and documents. Along with its not-for-profit audit and non-profit accounting expertise, our experienced team of CPAs for nonprofits hold leadership positions in not-for-profit organizations. With this firsthand understanding, our not-for-profit accountants offer unique insights and real experience managing successful not-for-profits. Many of our clients look to us for counsel on more than just audit and accounting issues.

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Nonprofit accounting is complex and has many specialized requirements, but Fohrman & Fohrman, Inc., can be your foundation for making informed financial management decisions. We maintain your financial information in accordance with Generally Accepted Accounting Principles , as well as the needs of auditors, grantors, and the board of directors.

Nonprofits often hit stumbling blocks in endowment management when it comes to setting and meeting fundraising goals and figuring out investment nonprofit accounting strategies. Your budget might be tight, but working with a qualified auditor for your financial statement audit is worth the investment.

Want to get involved with our top choice for outsourced nonprofit accounting services?

Their team only serves nonprofits, so they understand exactly what organizations like yours require from an outsourced accounting firm. These rapid changes demand the working knowledge of a qualified accountant not-for-profit specialist. Unlike traditional accounting for businesses, a CPA for nonprofits needs to be highly specialized, and requires a strong knowledge of non-profit reporting, exemptions, and budgeting. The complex financial internal controls surrounding this sector is why it’s so important to find a CPA for nonprofits who understands the internal intricacies of not-for-profit accounting. Porte Brown has been assisting non-profit organizations with their audit and accounting needs for decades. Through our commitment to excellence, each not-for-profit accountant on our team has lent a hand in serving and building our reputation as the go-to non-profit accounting firm for Chicago and the surrounding communities.

• We can also help analyze and fill knowledge gaps between your leadership and immediate successors, and provide coaching to these individuals throughout the transition.
• We provide high quality reasonably priced accounting, auditing and bookkeeping services to nonpro…
• The firm is technically very competent and has a deep bench of qualified personnel.
• In addition to audits, CBIZ experts offer Systems and Organization Control report services for organizations.
• We are very proud to demonstrate our commitment to quality and integrity.

The Sarbanes-Oxley Act requirespublicly traded companiesto rotate lead auditors — not necessarily audit firms — every five years. Auditor independence may also be compromised if the audit firm provides consulting services to a client-nonprofit, while at the same time performing an audit . As a result, it is considered “best practice” to refrain from engaging the same individual or firm for both auditing and non-auditing services . With their outsourced nonprofit accounting services, your organization will be assigned a single point of contact, creating consistency and rapport between yourself and the Profit Matters team.

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Similar to Jitasa, Growthforce will also help organizations get started on Quickbooks. Because they offer extensive solutions , this outsourcing firm is an excellent choice for larger nonprofits. However, defining what your needs are ahead of time can make the process much simpler and less time-consuming. Consider exactly what your nonprofit needs from your accounting firm and start considering those options based on whether or not they’ll fit your needs. Over the last 30 years, we’ve worked with more than 500 nonprofits, including multi-million-dollar organizations and foundations with millions of dollars in endowments.