Accounting Services for Not-for-Profit Organizations
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Monthly Accounting and Bookkeeping
Each month, we will reconcile your accounts and prepare comprehensive financial statements, including a statement of financial position, multiple statements of activities, monthly trend reports and budget vs. actual reports. In addition, we will customize reports to meet your needs so you always have the information you need to understand how your organization is performing.
Annual Audit Support
Each month, we organize your accounts in a way that will help facilitate a smooth annual audit and we will work hand-in-hand with your audit firm to make the process as seamless as possible.
Budgeting and Projections
We are deeply familiar with the audit process for non-profit organizations. In fact, several of our team members were auditors earlier in their careers. We understand what auditors are looking for. That’s why, throughout the year, we’re organizing your accounts so we’re prepared for your annual audit. We strive to make the audit as pain-free as possible by taking the lead with your audit firm. That way, you have more time to focus on your agency’s mission.
CFO-Level Support When You Need It
We are confident that your ARI team will become trusted members of your management team. We have extensive knowledge and experience in the non-profit sector and harness both to help you make the best possible decisions for your organization.
Following is a detailed description of services you can expect when you entrust us to manage your non-profit’s accounting function.
|Description of Services||Included|
|Bank Accounts and Credit Cards||true|
|Statement of Financial Position||true|
|Statement of Activities||true|
|Statement of Activities - Monthly Trend||true|
|Statement of Activities by Program/Class||true|
|Budget vs. Actual Comparison||true|
|Accounts Receivable Reconciliation||true|
|Aged Accounts Receivable Review||true|
|Prepaid Accounts Receivable Review||true|
|Fixed Assets and Depreciation||true|
|Deferred Revenue Review||true|
|Managing Restricted Funds||true|
|Board of Directors Meeting Participation||true|
|Sales and Use Tax||true|
Frequently Asked Questions
My organization often receives state/federal grants, but I’m not sure that we’re tracking them correctly.
My team needs help compiling and managing reports for multiple grants.
Annual audits are so time intensive and overwhelming.
I spend so much time on budgets but I still don’t have the information in the form I need it.
Tracking and managing restricted funds can be overwhelming.
Sometimes members of my finance committee and board of directors ask questions I can’t answer.
I have an internal resource to handle my bookkeeping.
With ARI, you get a team of accountants — with years of collective experience, so you reduce risks related to turnover and eliminate a potential single point of failure.
How much will ARI’s services cost?
Clients often report that our services are less costly than staffing a full-time bookkeeper or accountant, especially when one calculates total costs, including payroll taxes, benefits, recruiting, training, office space, IT, management and turnover expenses.
However, we realize that change can occur in any organization so, when you partner with ARI, there are never any long-term contracts.