It supports peer-to-peer fundraising, grant and award management, nonprofit marketing, and donor payment acceptance. Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking. Its mobile app lets you collaborate on the go, and it integrates with hundreds of third-party apps. We’ll partner with you to automate key accounting processes and create forward-looking plans that make your future feel less uncertain.

Ready for the job search? Find nonprofit accounting and finance opportunities today.

They are very skilled at matching the right candidate to the right position, and with their help, I was hired for a role I would never have found otherwise.” ~ Sally U. Our financial recruiting firm strives to maintain a level of value, service, satisfaction, and trust that results in long-term partnerships. Our job recruiters specialize in direct hire, contract, and contract-to-hire placements. We recruit for a full range of positions from account managers to VP level candidates for companies in Seattle. Within office and administrative roles, we fill a variety of job openings from marketing and sales to customer service.

Commitment to Quality and Continuing Education for Our Team and Yours

For more information about how to create a budget, check out the National Council of Nonprofits guide to Budgeting for Nonprofits. If the value of the donation is small (below $5,000) the IRS will let you determine a donation’s fair market value yourself, usually based how much comparable goods and services are selling on the market. If the value of the donation is over $5,000, you should get the donation formally appraised by an expert. A purchase order is a document sent from a purchaser to a vendor to confirm a specific purchase of goods or services, and are generally a great way to make sure you and your supplier are always on the same page. Once your vendor signs it, it’s a binding contract that tells you exactly how much you ordered from your supplier, how much you paid, and when the supplier agreed to deliver your order. Once you’ve got a bookkeeping system and a bank account in place, you need some way of making sure the information in both of those systems lines up.

Accounting ServicesExclusively for Nonprofits

Even tiny nonprofits have BIG bookkeeping challenges, like cash flow forecasting, grant tracking, and finding the time to reconcile your accounts. We’ll help you modernize your nonprofit accounting & bookkeeping systems to get consistent and accurate reports. And we’ll show you how to use those reports to make smarter decisions for your organization.

Business Advisory

Xero’s highly customizable and in-depth reporting tools make Xero stand out. By tracking categories, you know if funds are being allocated to the right projects based on donor intent. Our team adapts to your nonprofit’s needs to provide the perfect financial management solution. We can serve as your organization’s bookkeeper, accountant, controller, or Chief Financial Officer (CFO), depending on which services you’re looking for. However, Wave doesn’t offer fund accounting or any other nonprofit-specific features, so we hesitate to recommend it to nonprofit bookkeepers and treasurers. This method tracks income and expenses when they are earned or incurred (not at the time money is exchanged).

• Your company withholds FICA taxes (along with their federal income taxes) from your employees’ paychecks.
• It offers accounting and bookkeeping features comparable to QuickBooks Online and Xero but for exactly no dollars.
• Essentially, you should view bookkeeping as the financial oversight process that’s necessary for operating your nonprofit daily.
• It also involves tracking both restricted and unrestricted funds and adhering to specific reporting standards to governing authorities such as the IRS.
• Having the right tools and implementing the best strategy in various non-profit specific situations can offer extensive opportunities for growth that reach far beyond just accounting.

To fulfill your mission and impact the communities you serve, you have to raise and allocate funds wisely—That’s why bookkeeping for nonprofits is an essential part of what you do. A well-prepared Form 990 helps donors evaluate your organization’s finances, mission, operations, and activities. Streamline your audit experience by choosing a firm that understands nonprofit organizations inside and out. If your nonprofit is looking to hire a fractional CFO, our J-SAT accounting services for nonprofit organizations professionals are equipped to help you work through your toughest financial challenges, from forecasting cash flows to creating complex budgets. To learn more about exactly which taxes your tax-exempt nonprofit might still be on the hook for, consult IRS Publication 557, or better yet, consult with a nonprofit tax specialist. They’ll have experience helping organizations like yours minimize their tax bill and make sure you aren’t breaking any tax code rules.

The solution you decide on should also allow you to do some form of fund accounting. This means instead of piling your money into one big “cash” account, you’ll need to distinguish between and track separate buckets of money. However, Sage Intacct is definitely on the pricy end of the nonprofit software spectrum. Get our FREE guide to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization’s finances. But when you’re trying to paste together your numbers with a part-time bookkeeper or a volunteer accountant, it’s nearly impossible to get the transparency you need to run your nonprofit organization. “I appreciate the time (Seattle Financial DBA Northwest Recruiting Partners) took to get to know our business & culture and the consultative approach they take when recruiting for our roles.

How To Choose an Accounting Software for Your Nonprofit

• Make sure all of your nonprofit’s transactions go through a dedicated bank account.
• Jitasa’s experienced nonprofit accountants will set your organization up with a cloud-based accounting system and chart of accounts to guide the financial aspects of your daily operations.
• FUTA taxes are reported annually using Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return.
• If you’re trying to balance a nonprofit budget on, well, a budget, Xero, Zoho Books, and FreshBooks are cheaper options, and Wave Accounting is completely free.
• All of our bookkeepers are US-based, Quickbooks ProAdvisor certified, and experts in nonprofit accounting.
• Nonprofit cash flow statements will refer to “change in net assets” instead of “net income,” and will sometimes list cash flows that are restricted to certain uses.
• That’s why any finance position for a social-impact organization may also require sector-specific expertise.

When you partner with James Moore for outsourced accounting, you’re not just hiring a service provider. You’re gaining a dedicated team that understands the unique challenges nonprofits face. We approach each client as if we’re part of their organization, not just an external vendor.