OUR SERVICES

Other Services for Nonprofits2025-07-03T20:15:06+00:00
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OTHER SERVICES FOR NONPROFIT ORGANIZATIONS

Nonprofit organizations face a variety of financial and operational challenges that extend beyond standard accounting and tax services. At Telos CPAs, we offer a range of specialized support services to help you strengthen internal processes, improve compliance, and gain greater financial clarity.

These services are designed to complement your core accounting functions and provide deeper insight into your organization’s financial health. Whether you need help with audit preparation, grant management, or budgeting, our team is here to support your mission with dependable expertise and tailored solutions.

Member of the AICPA
Member of ANAFP
Member of the VSCPA
Quickbooks Pro Advisor

Accounts Payable & Bill Payment Services

Our team manages your vendor payments, tracks due dates, and ensures timely disbursements. We help you maintain a positive relationships with your vendors.

Budgeting & Cash Flow Forecasting

We work with you to build accurate budgets and cash flow projections. This service provides financial clarity and equips your leadership team to make informed strategic decisions.

Financial Statement Compilation

We compile financial data into clear, professional financial statements that can be used internally or shared with stakeholders. These reports help you tell your financial story accurately.

Nonprofit financial statement compilation

Audit Support & Preparation

We help nonprofit organizations prepare for annual audits by organizing financial records, ensuring compliance with GAAP, and assisting with auditor communications and requests.

Audit Prep Support for your Nonprofit

Sales Tax Filings

We handle your nonprofit’s sales tax obligations, including calculating, filing, and remitting taxes to the appropriate jurisdictions. Our support helps you stay compliant and avoid penalties.

Sales Tax support for nonprofit organizations

Payroll Administration

We manage payroll processing, tax withholdings, and reporting to ensure your team is paid accurately while you remain in compliance with employment tax laws and regulations.

Chart of Accounts Review

We review and optimize your chart of accounts to ensure it aligns with nonprofit best practices. A well-structured chart improves financial reporting and helps track mission-related activities and budgets.

Financial Health Assessment

We analyze your organization’s financial condition through key metrics, trends, and ratios. This review helps leadership understand strengths, identify risks, and make informed financial decisions.

Grant Tracking & Management

We assist with tracking grant expenditures, preparing reports for funders, and ensuring compliance with grant requirements. This helps your nonprofit maximize funding and avoid potentially costly errors.

Financial Statement Preparation

We prepare formal financial statements in accordance with accounting standards. These are suitable for board presentations, audits, and grant applications, providing a full picture of your organization’s finances.

financial statement preparation for nonprofits

Internal Controls Assessment & Implementation

We assess your internal control systems and help implement safeguards to prevent fraud and ensure accuracy. This service is key to protecting your organization’s assets and reputation as it grows.

Internal control for nonprofits

Financial Policy & Procedure Review

We evaluate your existing finance and accounting policies and recommend updates based on current standards and best practices. Clear policies promote consistency and transparency across your operations.

Policies review for nonprofit organization
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FAQS

FREQUENTLY ASKED QUESTIONS

What makes nonprofit bookkeeping different from regular bookkeeping?2025-07-11T16:17:42+00:00

Bookkeeping for nonprofit organizations involves tracking donations, grants, and revenue with restrictions or reporting requirements. It also includes managing funds to meet both legal and donor expectations—making it different from traditional for-profit bookkeeping.

Do I really need specialized accounting services for my nonprofit?2025-07-11T16:18:11+00:00

Yes. Nonprofit accounting services are essential for regulatory compliance, donor reporting, and transparency. Our accounting packages for charities ensure your financial reports meet IRS, grantor, and board expectations.

How often should my nonprofit organization update its financial records?2025-07-11T16:18:40+00:00

You should update your nonprofit bookkeeping records at least monthly. Regular updates improve accuracy and help with planning, reporting, and audit preparation.

How do your services help ensure compliance with nonprofit regulations?2025-07-11T16:19:02+00:00

Our bookkeeping and accounting services for nonprofit organizations follow GAAP and IRS rules. We stay current with regulatory changes to help you maintain compliance at all times.

Can you help with managing restricted funds and grants?2025-07-11T16:19:25+00:00

Yes. Our team specializes in managing and reporting on restricted funds, ensuring that your nonprofit accounting is grant-compliant and audit-ready.

What software do you use for nonprofit accounting and bookkeeping?2024-11-28T20:53:32+00:00

We utilize industry-leading accounting software tailored for nonprofit organizations, such as QuickBooks Nonprofit or similar platforms. This software is designed to handle the specific needs of nonprofits, including fund accounting and donor management.

What steps do you take to protect our financial data?2024-11-28T20:53:16+00:00

We prioritize the security of your financial data by using secure, encrypted systems and following best practices in data protection. Our team is trained in maintaining confidentiality and safeguarding your organization’s sensitive financial information.