Non-Profits

Are you protecting your cause with proper Accounting and Bookkeeping?

Stay on the straight and narrow and maximize donations with the proper accounting guidance and bookkeeping standards.

With their own minefield of financial pitfalls,  non-profits require a special financial skill set. Ask the hard questions and ensure that you choose an accounting and bookkeeping team that will put your cause first.

What should you expect from your non-profit's accounting and bookkeeping team?

  • What specific services do you offer for non-profits, and how can you help us with financial planning, compliance, and reporting?
  • How can you assist us in maximizing our tax-exempt status and maintaining financial transparency for our donors and stakeholders?
  • Can you provide references from non-profit clients you've worked with in the past?
  • How do you ensure accuracy and compliance in your bookkeeping practices, especially for non-profits with specific reporting requirements?
  • What is your process for communication and keeping us informed about our financial status, including preparing reports for our board of directors and donors?

Contrary to popular belief, not for profits are in the business of making money also! But they want to make money to give it all away to those they benefit.

So when a client came to us and wanted help with bookkeeping because they were trying to track expenses to have more money to give away, we jumped on it. We changed the way their financial statements were organized and started communicating with the Board up front as to the challenges and what the issues were. The next step was to make sure we had the revenues and costs lined up from the fundraisers so they could tell which activities were making them money and which activities they should stop doing.

Finally, once we had the financial picture put together, we worked with their grant writing team to put together packages for federal funds. They were successful and are in the third year of a federal grant which is providing great outcomes for the community they serve. Oh yeah…we also work with the Company to ensure the accounting records are prepared the way the government agency wants and we have met all of the federal deadlines to requalify every year.

Are you running a non-profit organization and feeling a bit lost when it comes to managing your finances? You are not alone. All non-profits face the same challenges. Here’s the good news: hiring the right Certified Public Accountant (CPA) and bookkeeper will make all the difference. How do you find the perfect match? It’s as easy as picking up the phone and asking the hard questions. Here’s why you should call today to get the right answers for your non-profit.

It’s like sitting down with your kid to build their new million-piece LEGO™ Death Star™*. It’s exciting, but it’s also a little daunting. You’ve got all the pieces laid out in front of you, but you’re not quite sure how they all fit together. That’s a lot like managing the finances of your non-profit. Sure, you can muddle through the night while the baby sleeps, but wouldn’t it be easier to avoid the tears with a trusted guide by your side?

Here’s the thing: not all CPAs and bookkeepers are created equal. You need someone who understands the unique challenges of non-profits, who can help you navigate the twists and turns of financial planning, compliance, and reporting. And the only way to find that perfect match is by asking the right questions. But don’t worry, your trusted team has you covered. Here’s why you should call today to get the right answers for your non-profit.

First, let’s talk about services. You need a CPA and bookkeeper who offer specific services tailored to non-profits, who can help you with financial planning, compliance, and reporting. After all, managing the finances of a non-profit is different from managing the finances of a for-profit business. So don’t be afraid to ask about the specific services they offer and how they can help your non-profit succeed.

Next, let’s talk about tax-exempt status. You need a CPA who can assist you in maximizing your tax-exempt status and maintaining financial transparency for your donors and stakeholders. After all, your tax-exempt status is what allows you to do the important work you do. So don’t be afraid to ask how they can help you navigate the ins and outs of tax law and keep your donors and stakeholders in the loop.

Experience is key when it comes to managing the finances of a non-profit. You want a CPA and bookkeeper who have track records of helping non-profits like yours succeed. How do you know if they have the right experience? Ask for references from non-profit clients they’ve worked with in the past. They’ll give you the inside scoop on what it’s really like to work with a CPA and bookkeeper.

Accuracy and compliance are also crucial when it comes to managing the finances of a non-profit. You need someone who pays attention to the details and follows best practices to keep your books in tip-top shape, especially given the specific reporting requirements non-profits face. How do you know if they’ll get it right? Ask about their process for ensuring accuracy and compliance. They should have a system in place to catch any errors before they become big problems.

Finally, communication is key. You need a CPA and bookkeeper who will keep you in the loop every step of the way. That means regular updates on your financial status and a clear process for communication. So don’t be afraid to ask about their process for keeping you informed about your financial status, including preparing reports for your board of directors and donors. After all, it’s your non-profit, and you deserve the best!

Now that you know why it’s so important to ask the right questions, there’s only one thing left to do – pick up the phone. Act now to get the answers you need to take your non-profit to the next level. Your perfect CPA and bookkeeper are just a call away. Call now them a ring today and say goodbye to financial stress for good!

 

*LEGO™ and Death Star™ property of their respective owners.

Can you help me with tax preparation and filing?

Yes, we offer virtual bookkeeping services using secure, cloud-based accounting software. This allows us to work with clients from any location, providing flexibility and convenience.

To get started, you can contact us via phone or email to schedule an initial consultation. We’ll discuss your needs and determine how we can best assist you.

Fees are based on the complexity and scope of the work required. We provide an initial estimate during the consultation phase and discuss any changes as the work progresses.

The frequency of updates can be tailored to your business needs. We offer weekly, bi-weekly, monthly, and quarterly updates to ensure your financial records are always up-to-date.

Absolutely. We prioritize the security and confidentiality of your financial data. We use secure, encrypted systems and follow best practices in data protection to safeguard your information.

Outsourcing bookkeeping can be cost-effective as it eliminates the need for full-time salaries and benefits. It also provides access to a team of experts with diverse skills and ensures continuity, even if an employee leaves.

Typically, you will need to provide bank statements, invoices, receipts, payroll records, tax documents, and any other financial records related to your business operations. We will guide you through the specifics once we understand your business needs.

Bass & Associates, LLC offers a range of services including tax preparation planning, and filing, audit and assurance, financial statement preparation, business consulting, general bookkeeping, payroll processing, accounts receivable and payable management, bank reconciliation, and financial consulting.

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