Not-for-Profits BGBC Partners, LLP Indianapolis CPA Firm Indiana

bookkeeping for nonprofits Indianapolis

Our method combines powerful, intuitive software with knowledgeable, real-life bookkeepers to provide you with a seamless and stress-free experience. Bench doesn’t just offer bookkeeping services; we go the extra mile to ensure that business owners in Indianapolis, Indiana, understand every aspect of their finances. We’re familiar with how the different types of businesses in the city and the local and state taxes they’re expected to pay. We commit to ensuring that no deadlines are missed, and we offer expert advice tailored precisely to your business model.

Many of our clients look to us for counsel on more than just audit and accounting issues. For example, Porte Brown acts as key partners that help not-for-profit clients strengthen their operations. An accountant for a nonprofit organization from our team can assist clients in selecting the right software and hardware, developing budgets and attaining the most effective processes and infrastructures.

Here’s why Indianapolis business owners like you trust Bench with their bookkeeping

We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know as soon as possible and make sure the transition is a smooth one. Every plan comes with a dedicated bookkeeping team to handle your monthly books, and intuitive software to track your financials. We are offering dedicated team model that consists of team members who hold best industry experience along with strong knowledge and expertise. We match you with Our Experts who knows the ins and outs of your industry and state.

bookkeeping for nonprofits Indianapolis

To do this, you’ll need to set reasonable expectations for your income, expenses, and financial goals. Then, plan out how you’ll spend your income in a way that achieves those goals. Essentially, you should view bookkeeping as the financial oversight process that’s necessary for operating your nonprofit daily. For example, bookkeeping ensures your nonprofit uses its revenue wisely and maintains its tax-exempt status. Accounting, on the other hand, is using that information to provide a detailed analysis of your finances.

Accountant Indianapolis

These rapid changes demand the working knowledge of a qualified accountant not-for-profit specialist. Unlike traditional accounting for businesses, a CPA for nonprofits needs to be highly specialized, and requires a strong knowledge of non-profit reporting, exemptions, and budgeting. The complex financial internal controls surrounding this sector is why it’s so important to find a CPA for nonprofits who understands the internal intricacies of not-for-profit accounting.

Bookkeeping for a nonprofit is vital because it proves how an organization is spending its funds. Learning how to do nonprofit accounting and understanding which statements a nonprofit needs to prepare is crucial for anyone who wants to indianapolis bookkeeping run a successful nonprofit. This information will be used later to produce financial statements (and report your financial information to the IRS), so you should thoroughly and accurately detail each transaction your nonprofit makes.

See where you’re spending. Make smart decisions

Porte Brown has been assisting non-profit organizations with their audit and accounting needs for decades. Drawing on our wealth of experience, Bookminders has developed templates and systems that are applicable in a wide variety of industries. For our Nonprofit clients, Bookminders leverages special tracking features in QuickBooks to simultaneously track grants, programs, donations, restricted funds, and provide comprehensive Board reporting. All clients are provided a Year-End Package, designed to streamline the work for the auditors and tax accountants. Our growing service area includes Pittsburgh, Philadelphia, South Jersey, Central Texas, and Eastern Maryland.

Nonprofit Organizations Served

You’ll always have the human support you need, and a mobile friendly platform to access your up-to-date financials. We accurately categorize and reconcile your monthly business transactions https://www.bookstime.com/ and statements with a tax savings lens. Nothing is more important in the not-for-profit sector than the ability to show benefactors the return on investment for their generosity.