Nonprofits and Associations
Accounting Services for Nonprofits and Associations
The team at
Theodore T. Nguyen CPA, PC has provided accounting and tax preparation services to nonprofit organizations since 1990. We serve a range of nonprofit organizations, including:
- Trade Associations,
- Professional Associations
- Home Owners’ Associations
- Schools,
- Churches, and
- Other Charities
We will provide services to meet the unique needs of your nonprofit organization.
We understand that nonprofits today must operate under increased scrutiny. To help our nonprofit clients meet standards of accountability and governance, we offer a full range of accounting services, which include the following.
Setting up financial systems for new 501 (c) (x) – once you have established your new nonprofit entity, we will help you establish your financial systems. If you need legal assistance in establishing your nonprofit entity, we can refer you to an attorney with that expertise.
Full or partial accounting services – we can become your accounting staff on an out-sourced basis or handle a few of your accounting tasks. One of our accountants can visit your office regularly to handle all of your accounting needs such A/R A/P, bank reconciliations and payroll. If you need comprehensive services, we can also prepare your quarterly or monthly financial statements. If you prefer to perform some accounting tasks, we can handle a subset of your accounting needs.
Preparation of financial reports – we can compile your quarterly, mid-year or year-end financial reports to comply with AICAP standards. When you use a CPA to prepare your financial reports for your board presentations, your board will have greater confidence in the reports.
Regular board attendance – we can attend your regular board meetings as your accounting representative. Our accountants can help you answer any of your board member’s questions related to your accounting reports.
Audit Preparation – we can help prepare for your external auditors. Preparing for an audit is a time consuming process. If your nonprofit staff spends time in audit prep, they take time away from your core mission. We can do this prep work for you. Our team can prepare your 990, workpapers and other documents required by your outside auditors. We can also speak with the auditors on your behalf to answer questions they have related to your financial documents.
Accounting Advisory Services – we can provide advice on cash flow management and budgetary issues. If you need help in setting up your financial system, we can provide recommendations and assist in making the key decisions on your system’s structure.
Preparing and Filing Annual Taxes– we can prepare your annual nonprofit tax return form 990 series.
