Association of Nonprofit Accountants and Finance Professionals Home

We presently work with over 190 not-for-profit clients, and the twenty-one professionals in the firm bring a wealth of experience to their clients – nine of our professionals have over seven years of experience. In addition, we provide general consulting specific to our client’s not-for-profit needs. From accounting & month-end close to financial gross vs net reporting to budgeting to audit preparation, we help nonprofits with their financial management, and we do it quickly, efficiently, and accurately.

Nonprofit Accounting Services

No one understands the complexity and nuances of church bookkeeping quite like the compliance professionals at Foundation Group. Our expert church bookkeeping services provide the knowledge and expertise you need to ensure your books are accurate, timely, and fully compliant. RemoteBooksOnline helps nonprofit organizations across Colorado stay compliant, organized, and audit-ready. From grant tracking to board reporting, our CPA-reviewed QuickBooks ProAdvisor bookkeeping services are built for nonprofits.

Bookkeeping and Accounting Services

We do this through outsourced nonprofit accounting services, great technology, and super responsive support.At NFP Partners, we strive to impact the nonprofit world, one accounting challenge at a time. In Denver, where the spirit of the Rockies inspires innovation and community engagement, nonprofits play a crucial role in addressing local and global challenges. Jitasa’s nonprofit accounting services are specifically designed to support Denver’s unique blend of environmental stewardship, technological advancement, and cultural diversity.

Expertise You Can Trust

Our last Peer Review was performed by KerberRose SC, Certified Public Accountants. We have set ourselves up as leaders in the industry to educate our audience on relevant topics in the accounting world. For example, a lawyer may review a contract for your nonprofit and refuse to charge a fee. Restricted net assets are Bookkeeping Services in Denver donations that have certain terms and restrictions attached, have special accounting procedures, and must be kept separate from other net assets.

Monthly reconciliations, payroll taxes, sales taxes, tax estimates, consultations, bookkeeping system setup and support are just a few. Nonprofit financial statements are essential to optimizing financial health. Read this guide to deepen your understanding and explore strategic insights…. Yes, with over 20 years working exclusively with nonprofits, we pride ourselves in having a unique understanding of your accounting and reporting needs. Our accountants are CNAP certified and are updated and trained regularly on nonprofit best practices and the changes to GAAP and FASB requirements that impact nonprofits.

Denver, known as the Mile-High City, is more than its stunning mountains and vibrant culture—it’s a thriving hub for innovation, startups, and established businesses.
At Digital Reference, we carefully vet each accountant using a research-driven methodology that examines experience, client outcomes, and strategic capabilities.
Nonprofit organizations have a tax-exempt status with the Internal Revenue Service (IRS).
Aplos partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank N.A., Member FDIC.
💡 Helps entrepreneurs understand financial levers and investor relations.
The second Trump administration has introduced sweeping policy changes that directly affect federal grant recipients, including nonprofits and research institutions.

The difference between the balance sheet and the statement of financial position is that, because nonprofits don’t technically have any owners, the statement of financial position doesn’t have any equity on it. Nonprofit-friendly accounting software shouldn’t just allow you to create professional-looking budgets. They should also let you track how your income and spending for the year compare to your budget goals. This is important because nonprofits often have very specific rules around different funding sources. The solution you decide on should also allow you to do some form of fund accounting.

We support nonprofit organizations in and throughout New York with clean, CPA-reviewed financials.
Unlike for-profits, nonprofits don’t have equity because they don’t have owners, and that’s the biggest difference between a balance sheet and a statement of financial position.
Bookkeeping must support transparency, restrictions, and compliance with nonprofit accounting standards.
Bookkeeping for a nonprofit is vital because it proves how an organization is spending its funds.
We are passionate about supporting the nonprofit sector and contributing to the success and sustainability of organizations that make a difference in our communities.

Is my data secure?

Because of this, the IRS requires that you obtain nonprofit status from your state before applying for tax-exempt status. If the value of the donation is small (below $5,000) the IRS will let you determine a donation’s fair market value yourself, usually based how much comparable goods and services are selling on the market. If the value of the donation is over $5,000, you should get the donation formally appraised by an expert. A purchase order is a document sent from a purchaser to a vendor to confirm a specific purchase of goods or services, and are generally a great way to make sure you and your supplier are always on the same page. Once your vendor signs it, it’s a binding contract that tells you exactly how much you ordered from your supplier, how much you paid, and when the supplier agreed to deliver your order.

Independent Contractor Accounting

Although it’s possible to manually generate financial statements from your ledger or spreadsheet, it takes a ton of accounting knowledge and time to do it right.
Moreover, quantifying the impact of social programs can be challenging, making it difficult to attract donors and secure funding.
Your board or funders ask for reports, and you’re scrambling to pull numbers together that may not even tell the full story.
While they offer a practical solution to new or short-term projects, a fiscal sponsorship is not without risks.
AI is rapidly reshaping how nonprofits manage their accounting and finance functions.

With a solid bookkeeping system, your nonprofit can ensure financial transparency, comply with federal and state regulations, and have a detailed record of your finances to help in the accounting process. Bureau of Labor Statistics, there are approximately 65,000 people working in accounting and finance fields at nonprofit organizations. Aplos software simplifies bookkeeping for nonprofits, but if you prefer hands-on help, we offer dedicated bookkeeping services too. For few other business ventures are professional accounting services so crucial. Dollars are tracked with much more scrutiny as a result of this sought-after designation.

What Is An In-Kind Donation? The Accountants’ Perspective

Depending on the size of your nonprofit organization and the number of transactions, it may be wise to do bank reconciliations once a month. That way, you’ll identify potential bank errors, help track cash flow, and prevent fraud. The option you go for should also enable you to do fund accounting (i.e., use different accounts for different purposes).

CFO Services

Think of bookkeeping as studying for a test—it’s the necessary first step you must take to prepare yourself for the big exam. In the same way, bookkeeping can prepare your nonprofit’s financial records and budget for tax filings, annual reports, and every other deep dive into your assets. We support nonprofit organizations in and throughout Texas with clean, CPA-reviewed financials. Whether you’re a new nonprofit or preparing for a state audit, we’ll help you stay compliant and organized. We support nonprofit organizations in and throughout New York with clean, CPA-reviewed financials. YPTC is not a CPA firm, and provides no attestation services with regard to financial reports.