Consultance Understands the Unique Needs of Not for Profits and Associations

Over the years, Consultance has worked with a range of not-for-profit organizations and associations, so we have deep expertise in their unique needs and a broad perspective on their overall business challenges.

Consultance works with not-for-profit organizations to:

  • Provide accounting and bookkeeping services to help them manage their financial resources more accurately, efficiently and effectively.
  • Develop accurate financial statements that they can rely upon to make good decisions and effectively run their organizations
  • Create an appropriate Chart of Accounts.
  • Develop an informative and accurate cash management system.
  • Provide ongoing bookkeeping services.
  • Prepare accurate financial statements and improve the quality of your reports to your funders and Board of Directors.
  • Track functional expenses accurately
  • Track “restricted vs. unrestricted” assets
  • Track in kind donations
  • Train staff and board members in financial literacy.
  • Liaison with your tax and audit professionals
  • We work with you to set up a schedule and work description that fits the needs of your organization.
  • Create and document policies, procedures and support materials related to your bookkeeping and accounting requirements
  • Knowledge of and commitment to the nonprofit sector.
  • Knowledge of nonprofit-specific accounting, the audit process and risk management principles and procedures.

Consultance Services for Not-for-Profit Organizations:

  • Functional Expense Allocations
  • Program Services
  • Temporary vs. Permanently Restricted
    • Grants and contributions
    • Board designated
  • Deferred Revenues
  • Prepaid Expenses
  • Contributions Receivable

Special Offer for Consultance’s Not-for-Profit Clients

To acknowledge the importance of not-for-profit organizations such as these, Consultance has created a program where it will donate 5% of accounting service fees to another qualified not for profit organization of your choosing. For more information, please contact Orin Schepps at oschepps@consultancellc.com.