We also understand your limitations and will meet you where you’re at. This is but one factor among many that has already convinced us that Cerini is the right firm for us as we continue to grow. Their expertise in dealing with non-profit organizations has proven extremely helpful to us, and they have demonstrated strong analytical skills in addressing typical, as well as complex, transactions.
IRS Allows Nonprofits More Latitude When Determining What Constitutes Unrelated Income
We work with our clients to create customized, affordable solutions to serve their bookkeeping and financial management needs. Moveover, we have the capacity to work both on and off-site, enabling us to attend board meetings and other critical engagements to properly address all your fiscal needs. Experienced and knowledgeable staff — supported by C&A’s dedication to developing niche practices to better service our clients in key industries, mainly nonprofit. Our staff assigned to work on your account do one thing…work with nonprofit organizations.
Regulatory Compliance
Kenny holds a bachelor’s degree from Binghamton University, a master’s in public accounting from Mercy College, and an active CPA license in New York State. He’s also an active member of the AICPA and NYSSCPA, staying connected to the latest in the profession. Building and sustaining a successful nonprofit organization requires more than just a compelling mission, visionary leaders, and a skilled development department. Cash flow, complicated accounting, funding source requirements, and limited resources are just some of the obstacles that can prevent small- to mid-sized nonprofits from realizing their full potential.
BUDGET-FRIENDLY SERVICES
We deliver bookkeeper new york more than just accounting services; we provide complete financial management. This unique solution gives you access to all the levels of accounting services your organization needs from CFO-level strategic guidance to basic transactional processing. Nonprofit organizations in New York City and New York face a constant struggle to balance their mission with financial sustainability. Fundraising can be unpredictable, with grants and donations often having strict requirements or fluctuating availability. Staffing shortages are common, as nonprofits often rely on lean teams to deliver impactful services.
Start making budgets
- Our team’s commitment to excellence, paired with a genuine interest in our clients’ success, ensures that every project we work on is handled with care and precision.
- We develop a long-term fiscal plan to optimize your budget while preparing you for future expenditures.
- And, if you need further advice, an experienced bookkeeper can give you their perspective on your budget.
- 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.
- We help mission-driven organizations stay financially transparent with clean books, monthly CPA-reviewed reports, and support tailored to your cause.
- In the same way, bookkeeping can prepare your nonprofit’s financial records and budget for tax filings, annual reports, and every other deep dive into your assets.
Our Nonprofit accountants currently serve over 150 nonprofit organizations across the country and have over 100 years of combined experience serving the industry. In addition, we have developed a network of specialty consultants who are available as needed. Our founder, Kenny Cosgrove, CPA, started this journey after years of working in public accounting, especially with nonprofit organizations. His experience shaped the vision for a firm that focuses on simplicity, transparency, and personalized support.
World-Class Nonprofit Audit Representation
Many NYC-based accounting firms specialize in nonprofit services, offering expertise in areas such as grant management, tax compliance, and financial planning. Syracuse, New What is bookkeeping York, a city known for its educational institutions and historical significance, supports a vibrant nonprofit sector focused on community development, education, and healthcare. Jitasa’s nonprofit accounting services are specially designed to assist these organizations, providing detailed bookkeeping and expert Fractional CFO services.
- Full spectrum of services — Including tax, consulting and valuation services, our experience is not limited to audits.
- We compile and manage customized financial reports to meet your needs.
- We use the most up-to-date technologies and integrations internally as a team, and with our bookkeeping processes.
- The diverse range of nonprofits in New York City requires accountants to navigate complex financial reporting standards, including the Generally Accepted Accounting Principles (GAAP) and IRS rules for nonprofits.
- Once you’ve got your bookkeeping system setup and have started generating financial statements, the final piece of the nonprofit accounting puzzle is getting your tax obligations straight.
- It’s a simple yet incredibly impactful gesture that should be revered and modeled by others.
Some start as fiscally sponsored projects but eventually need to track QuickBooks ProAdvisor things themselves. We are an adaptive company that embraces new technologies once they are proven to be effective. We use the most up-to-date technologies and integrations internally as a team, and with our bookkeeping processes. Our team is trained and certified on this software and we have relationships with these companies. Current integrations include QuickBooks Online, Bill.com, Gusto, Ramp, Stripe, Square, Donor Box, Expensify, GiveButter, Network for Good, and more.
Simplified Reports For Impactful Decisions
- With our support, nonprofits can better manage their finances, focusing their efforts on enhancing community infrastructure, improving educational programs, and expanding healthcare services.
- Established in 1999, Daily Balance offers comprehensive services, including nonprofit bookkeeping, nonprofit financial audit representation, and virtual CFO advisory services.
- Read our guide to learn about the role of a fractional CFO and how part-time financial leadership can support your nonprofit’s financial goals.
- With their support, The Book Fairies is on a mission to break the cycle of illiteracy stemming from poverty and a lack of access to reading material.
- Once you’ve got a bookkeeping system in place, you need to start creating financial statements.
- Ithaca, New York, a vibrant city known for its academic atmosphere and natural beauty, hosts numerous nonprofits dedicated to sustainability, educational initiatives, and community development.
Trusted by thousands of businesses, see what our customers say.
Jason K, Financial Analyst
Whether you’re a new nonprofit or preparing for a state audit, we’ll help you stay compliant and organized. At Cosgrove Accounting, we believe every business deserves clear, reliable financial guidance tailored to its unique needs. Since opening our doors in 2014, we’ve been dedicated to helping small and mid-sized businesses thrive by providing expert accounting, bookkeeping, and consulting services. We help mission-driven organizations stay financially transparent with clean books, monthly CPA-reviewed reports, and support tailored to your cause. Understanding your nonprofit’s financial health is key to long-term success. Read our guide to learn about the role of a fractional CFO and how part-time financial leadership can support your nonprofit’s financial goals.
We provide the financial backbone for your nonprofit to navigate the unique economic and philanthropic tapestry of Brooklyn. With Jitasa’s partnership, you can weave through the financial intricacies with confidence, ensuring your mission thrives and resonates from the brownstones to the boardwalk. Let us help you paint a future as bright and varied as Brooklyn itself.
