Bookkeeping and Accounting Services for Nonprofits

At Telos CPAs, we offer comprehensive bookkeeping and accounting services tailored to the unique needs of nonprofit organizations. Accurate bookkeeping forms the backbone of a successful nonprofit, ensuring that every financial transaction is correctly recorded and managed. Our accounting services go beyond just record-keeping, providing a full range of financial management solutions that keep your operations running smoothly and in compliance with all regulations.

With our service packages, you can focus on your mission while we handle your financials with precision and expertise.

Nonprofit bookkeeping is the comprehensive process of recording and organizing your organization’s daily financial transactions. This involves tracking all sources of income—including donations, grants, membership fees, and fundraising event proceeds—as well as monitoring expenses like program costs, administrative expenses, and operational overhead. Effective bookkeeping ensures that every financial transaction is accurately documented, categorized, and stored for easy retrieval.

A robust bookkeeping system allows your nonprofit to maintain financial transparency, which is crucial for building trust with donors, stakeholders, and regulatory agencies. It also ensures compliance with federal and state regulations by keeping meticulous records required for audits and financial reporting. Additionally, detailed bookkeeping provides valuable insights into your organization’s financial health, aiding in budgeting, forecasting, and strategic planning.

At Telos CPAs, our nonprofit bookkeeping services encompass more than just data entry. We specialize in the accurate allocation of both revenue and expenses, ensuring that funds are properly assigned to specific programs or projects.

Nonprofit accounting is the comprehensive process by which organizations like yours plan, analyze, and report their financial activities to maintain accountability to donors, stakeholders, and regulatory agencies. It encompasses a broad range of tasks that go beyond bookkeeping, which primarily involves recording daily financial transactions. Accounting interprets and presents this financial data, providing insights that support strategic decision-making and ensure compliance with relevant laws and regulations.

At Telos CPAs, our experienced nonprofit accountants will set your organization up with a cloud-based accounting system and a detailed chart of accounts tailored to your specific needs. This system will guide the financial aspects of your daily operations, making it easier to manage funds across various programs and initiatives.

Our comprehensive nonprofit accounting services include reconciling accounts to verify the accuracy of your financial records, compiling essential financial statements such as balance sheets, income statements, and cash flow statements, and managing compliance-related tasks like issuing 1099 forms to contractors.