A nonprofit reconciles bank accounts by comparing the recorded amounts to the amounts on bank statements. Nonprofit accounting and bookkeeping revolve around representing an organization’s financial records in compliance with generally accepted accounting principles (GAAP). Our accounting services are exclusively tailored for nonprofit organizations.

It’s time to fix your nonprofit’s accounting

An accountant from our team can assist clients in selecting the right accounting software and hardware, developing budgets, and attaining the most effective processes and infrastructures. Having the right tools and implementing the best strategy in various situations specific to non-profits can offer extensive growth opportunities that reach far beyond just accounting for non-profit organizations. With our expertise in fund accounting and donor reporting, we help you stay compliant bookkeeping services for nonprofit organizations with government regulations while maintaining clear records for your supporters. We also offer real-time financial reporting, so you can easily track where your funding is going and make informed decisions on budgeting and future projects. Whether you’re a small local non-profit or a large organization managing multiple programs, Hush Hush Bookkeeping ensures that your finances are in good hands.

Audit Readiness Support

Accountants must use your bookkeeping reports to analyze and present your organization’s financial status to the board, IRS, and other external characters. As your non-profit organization grows, managing finances becomes increasingly complex. At Hush Hush Bookkeeping, we assist with grant allocation, ensuring that all funds are used as intended and properly documented. Our services include budget forecasting, helping you plan for future initiatives while staying within the constraints of your current resources.

Financial Reporting

• This approach provides deeper insights into your organization’s financial health and ensures  you have access to all the essential services without overpaying for unnecessary solutions.
• Of course, you can always generate financial statements manually, but this takes a lot of time and skill.
• In this article, we’ll discuss key bookkeeping responsibilities and steps to efficient bookkeeping and provide 3 software options that can help.
• Equally, there’s no sense wasting a firm’s time and having them craft a detailed proposal you have little intention of accepting.
• As mentioned, nonprofit organizations have tax-exempt status, meaning they don’t have to pay federal taxes to the IRS under Section 501.

Consider technology integration and scalable pricing to meet your organization’s evolving needs. A skilled bookkeeper can transform your financial management, ensuring compliance and providing insights for informed decision-making. As an Elite QuickBooks ProAdvisor Firm, they offer QuickBooks cloud accounting software at a discounted price, enhancing your financial management capabilities. Discounts may be available depending on specific promotions or partnerships.

Jacobson Jarvis is the most experienced and exclusive accounting firm for nonprofits. Contact us to get access to year-round communication and expertise in nonprofit accounting. We are passionate about Accounting for Nonprofits and can serve as your outsourced normal balance advanced bookkeeping and accounting department. We provide the expertise you need to help your nonprofit serve more people, raise more money, and drive your mission forward.

File IRS 990

We offer a wide range of nonprofit financial services tailored to our clients’ specific needs. Built from the ground up to serve clients in the nonprofit world, Jacobson Jarvis is the Puget Sound’s leading specialized accounting firm, and we’ve earned our reputation. Working with nonprofits across Puget Sound region for over 30 years, we offer experience and insight no other accounting firm can match.

Failing to spend adequate time adjusting a template, even if you’re using a previous RFP your organization has issued, may result in you receiving proposals that do not serve your process well. With a nonprofit practice that stretches across the U.S. and includes a wide range of nonprofit types and sizes, we’ve seen hundreds of Requests for Proposal (RFPs). In this guide, our nonprofit team provides insights on writing an effective nonprofit RFP. At the end of the month, you must reconcile revenue and expense reports with your bank account and keep your accounts and reports up Partnership Accounting to date. All funds that come to your organization are restricted, unrestricted, or temporarily restricted.