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Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
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Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
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Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
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Individual Program Expense Statement that reports all of the expenses for each program or service.
- Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, federal grants, investment income.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status so it's imperative that you build your accounting system around these revenue and expense classifications.
Do you receive funds or grants from the Federal, State or local government? If so, you may be required to undergo an annual audit to demonstrate compliance with OMB Circular A-133 and other Federal guidelines. Our goal is to fill the gap between you and potential audit findings by providing effective and meaningful solutions for a more successful audit review.
Here's what we do for you...
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Review and compile your financial statements so that you will be ready for an audit
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Design a customized Accounting System solution in compliance with the reporting requirements of OMB Circular A-133
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Provide access to our secure online filing cabinet to help enhance retention of your documents. No more lost paperwork during an audit!
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Complete weekly, bi-weekly, or monthly payroll preparation
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Prepare your Payroll Tax Forms
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Provide training for your accounting personnel
See our Internal Control section for additional services!
