At Financial Affairs, we work exclusively with nonprofit organizations of all types and sizes, including charities, foundations, social enterprises, community organizations, and more. Our focus is on helping nonprofits achieve financial clarity and growth by providing tailored accounting services that meet the unique needs of mission-driven organizations.

We offer a comprehensive range of accounting services designed specifically for nonprofits, including:

• Bookkeeping: Accurate and timely management of your books, ensuring compliance and clarity.
• Payroll Management: Efficient handling of payroll processing, tax filings, and compliance.
• Financial Reporting: Detailed monthly and annual financial statements tailored to nonprofit standards.
• Annual Budget Preparation: Strategic planning and development of your organization’s annual budget.
• Audit Preparation: Assistance with audit readiness, ensuring all financial records and reports are accurate and complete.
• IRS Compliance: Expertise in filing Form 990 and maintaining compliance with IRS regulations.

Unlike traditional accounting firms, Financial Affairs focuses exclusively on nonprofits. We understand the unique challenges and opportunities facing mission-driven organizations and provide strategic partnership, not just accounting services. We take care of your accounting so you can focus on growing your impact and achieving your mission with confidence.

Our onboarding process is designed to be simple and efficient:

1. Initial Consultation: We begin with a one-hour consultation to understand your organization’s specific needs and challenges.
2. Data Migration & Setup: We handle the migration of your existing financial data to our system and ensure everything is set up accurately.
3. Customized Plan: We develop a tailored accounting plan that aligns with your goals and reporting requirements.
4. Ongoing Support: You’ll receive continuous support and updates, ensuring a smooth transition and ongoing partnership.

Our end-of-month close process includes a comprehensive review of all financial transactions, reconciliation of bank statements, review of financial statements, and an internal quality check to ensure accuracy and compliance. Each close process is overseen by a management team member before the financials are sent to you, ensuring peace of mind and precision in your reporting.

Our team is well-versed in Generally Accepted Accounting Principles (GAAP) for nonprofits and stays current with all relevant regulations and standards. We regularly update our practices to reflect any changes in nonprofit accounting guidelines, ensuring that your financials are always in compliance and audit-ready.

We take data security very seriously. All client data is stored securely with encryption and is accessible only by authorized personnel. We comply with all data protection regulations to ensure your information is safe and confidential.

You can easily schedule a one-hour consulting call through our website or contact us directly via email or phone. During this call, we’ll discuss your specific needs and how our services can support your organization’s growth and mission.

Yes, we offer virtual accounting services to nonprofits across the United States. Our team is equipped to work remotely, ensuring consistent communication and support, no matter where your organization is located.

Outsourcing your accounting can provide significant benefits, including cost savings, access to nonprofit accounting expertise, improved financial accuracy, better compliance, and more time for your team to focus on mission-critical activities.

Yes, our service packages are flexible. We understand that every nonprofit is unique, and we’re happy to tailor our offerings to best suit your organization’s specific requirements.

We utilize industry-leading software like QuickBooks Online, which is ideal for nonprofits due to its robust reporting features, user-friendly interfaces, and ability to handle specific nonprofit needs such as fund accounting and donor management.