We’ll also show you how to keep or apply for tax-exempt status with the IRS and will prepare your Form 990 tax return at year-end. We know there are a number of Accounting and bookkeeping services in Fort Lauderdale, but we are confident that you won’t find another team with the qualifications and experience that we have. Our staff is made up of senior professionals who have a combined total of over Forty+ years of experience in the financial dealings industry. We strive to provide the best customer experience and dedicate ourselfs to do just that. According to the American Institute of CPAs, certified public accountant (CPAs) financially advise individuals, big companies and small businesses to help them reach their financial goals.

CPAs are also eligible to represent clients before the IRS if audit support is required, while a non-CPA accountant is not. Academic background, years in the field and professional reputation all can affect an accountant’s rates. They can choose to hire in-house accountants or outsource their accounting to a specialized firm. Depending on the size of your nonprofit organization and the number of transactions, it may be wise to do bank reconciliations once a month. That way, you’ll identify potential bank errors, help track cash flow, and prevent fraud.

Reasons to choose Our Company

As a nonprofit organization, it’s your responsibility to maintain accurate financial records but the requirements are complex and the process is time-consuming. CPA Fort Lauderdale offers the support you need to keep up with the financial side of your organization with complete accounting services created especially for nonprofits. We can help you manage your books, deal with confusing tax documents, and make the most of your resources. Our services extend to 501(c)(3) organizations like churches, charities, schools, human service agencies, and foundations. Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers.

Top Bookkeeper Fort Lauderdale For A Reason

Select businesses earn BBB Accreditation by undergoing a thorough evaluation and upholding the BBB Accreditation Standards. This rating reflects BBB’s opinion about the entire bookkeeping services fort lauderdale organization’s interactions with its customers, including interactions with local locations. You shouldn’t have to wait days for an accountant to return your call.

• It’s also important to recognize that bookkeeping is not a part-time job.
• The selected program should be able to automate everyday tasks and minimize errors.
• Our clientele ranges from small companies to medium-sized enterprises across multiple industries.
• These courses are designed for adult learners, combining interactive exercises, videos, and real-world examples and case studies.
• Whatever the purpose of your non-profit, no organization is sustainable without proper planning.

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. Nonprofit organizations are entities organized and operated exclusively for educational, social, professional, charitable, health, or other nonprofit purposes. While business stakeholders are concerned with profits, nonprofit stakeholders and board members want to know if the resources are properly utilized and allocated.

Elevate Bookkeeping Services

We’ll deliver comprehensive financial statements and assist with budgeting so you always know where your organization’s money is going. One of the most important roles of any business is the bookkeeper. Although often tacked on to the workload of an employee, bookkeeping services can provide valuable financial packages every https://www.bookstime.com/ month. They can also provide useful commentary and discussion on business transactions. Life’s a beach in Fort Lauderdale—especially for small business owners who spend as little time as possible keeping their books. Every small business in Fort Lauderdale deserves to have a dedicated bookkeeping and accounting team.

With a thorough understanding of your financial situation and by working together, we can customize a plan that addresses your immediate needs as well as your financial goals for the future. Fortunately, nonprofit professionals don’t have to worry about your financial information if you choose FreshBooks. A purchase order is a document a purchaser (in this case, a nonprofit) sends to a vendor to confirm the purchase of different goods and services.

Professional Accounting Solutions, Inc.

If you do it yourself, the tax process will be a lot of work and you’ll likely have more questions than answers. However, you can hire LocalBookkeeper in Fort Lauderdale to do all the work for you. Check out the average hourly rate for accounting services in your area. You should also hire a financial officer or a treasurer who knows how to do bookkeeping for a nonprofit and is familiar with specialized accounting software.

• For example, large organizations like universities often have dozens, if not hundreds, of bank accounts for different purposes like scholarships, tuition, projects, etc.
• Using the details you recorded about your nonprofit’s transactions, create a broad overview of your financial position and develop a plan to get your revenue where it’s supposed to be.
• If your bookkeeping is in arrears, our catch up services will get you up to speed—without hassle or judgment.
• If you decide to go with us, we’ll take bookkeeping off your plate—for good.
• Accounting, on the other hand, is using that information to provide a detailed analysis of your finances.