Our Industries Accounting Firm Indianapolis

We have a great deal of experience working with clients in the nonprofit field, including government clients. BGBC provides audits, financial management, information systems and more. We help not-for-profits remain financially viable, https://www.bookstime.com/ make the best use of resources and expand their support services. Our timely, cost-effective services can help not-for-profit organizations meet their long- and short-term goals, and provide assurance to their donor base.

Do nonprofits need accountants?

We dedicate ourselves to our clients and show respect for their time, data and information. In accounting as in life, balance is always a good thing, so don’t wait to start seeing the progress you’ve always wanted for your organization. She will personally listen, evaluate your needs at no charge, and honestly advise you on whether Bookkeeping Plus is the best firm for you. Time is money, and by operating efficiently using our knowledge, skills, and long-time experience, outsourcing can get things done quicker and usually at a lower cost than managing things in-house. Besides their knowledge on accounting they are very friendly they always treat me like family!!

How do you become a bookkeeper for a non-profit?

No one knows your nonprofit better than you do, which is why you should hire a professional bookkeeper to get your records in order and leave the decision-making up to your organization’s leaders. And, if you need further advice, an experienced bookkeeper can give you their perspective on your budget. It’s also important to recognize that bookkeeping is not a part-time job. Adding this responsibility to an existing staff member’s to-do list will likely overwhelm your employees, and your books won’t get the undivided attention they need. That’s why your first step in the bookkeeping process should be finding a bookkeeper (and evaluating your outsourcing options).

Commitment to Quality and Continuing Education for Our Team and Yours

For more than 30 years, Bookminders has provided timely, accurate and cost effective bookkeeping for a variety of nonprofits and small businesses. Our unique approach affords work-life balance to our staff of degreed accountants, while providing clients access to highly skilled professionals they otherwise couldn’t afford. CPA is an expert in all areas of accounting with offices in Indianapolis & Fort Wayne.

Pattar & Co. CPA, Leading Indiana CPA Firms in Indianapolis and Fort Wayne

Over the last 13 years, Jitasa’s tax specialists have completed thousands of tax filings for nonprofits of all shapes and sizes. FreshBooks is a high-quality accounting program that can automate repetitive tasks and daily activities and ensure accurate and reliable bookkeeping. As mentioned, nonprofits have to follow strict rules to justify their financial position and fundraising expenses. The option you go for should also enable you to do fund accounting (i.e., use different accounts for different purposes). Nonprofits have strict rules regarding funding sources and how they should be spent. For example, large organizations like universities often have dozens, if not hundreds, of bank accounts for different purposes like scholarships, tuition, projects, etc.

• The noncompete clause reinforces the strength of hospital monopolies by preventing physicians from opening a competing practice locally and referring patients to other (less expensive) hospitals.
• It can happen in many economic sectors, but it is most common in healthcare.
• Essentially, you should view bookkeeping as the financial oversight process that’s necessary for operating your nonprofit daily.
• In this case, a noncompete clause slows the formation of new, competing businesses.
• No one knows your nonprofit better than you do, which is why you should hire a professional bookkeeper to get your records in order and leave the decision-making up to your organization’s leaders.

Since nonprofit organizations risk losing their tax-exempt status if they don’t comply with accounting principles, it’s vital to pay attention to proper bookkeeping. For that reason, it may be best to get high-quality bookkeeping services indianapolis accounting software that can automate everyday tasks, create reports, and minimize room for errors. Although seemingly similar, for-profit and nonprofit accounting processes differ in many ways.

For example, let’s say your nonprofit needs a car to run errands for the organization. A generous car dealership gives you a vehicle for free, but that doesn’t mean it wasn’t a transaction! You’ll need to record the car as an in-kind donation from the dealership, noting even details about the model and make of the vehicle. Whether you spend one dollar on paper clips or $1,000 on a venue for a fundraiser, every transaction must be recorded. To do this, have your bookkeeper monitor and record your transactions or invest in a software solution that automatically tracks each expense for you. “With Financial Technologies & Management, each client receives close personal and professional attention.”