Continuing Education We are committed to your professional development and provide for 40 hours of continuing profession education – regardless of whether you have your CPA license. We are unified in our mission to have a positive effect on our clients, our company, and the community. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Our name, Jitasa (ji-tah-suh), means “The Spirit of Serving Others.” We exist to serve the nonprofits who make the world a better place.

Our Mission

As your team works to transform the world, let us work to transform your accounting system. We start by reviewing your current system, and work to identify how you use financial information to manage and plan for your organization. We then assess tools, processes and workflows that will help us bring your organization to a new level of efficiency. We apply our nonprofit accounting experience and expertise to implement the changes the organization needs to transform. Then, we work to continually evaluate and adjust, if necessary, to be sure your needs are met – even as they grow and change. Our team adapts to your nonprofit’s needs to provide the perfect financial management solution.

The Ultimate Guide to Outsourced Nonprofit Accounting Services

We segregate duties and provide control activities to provide an internal line of defense for your nonprofit. All of our clients are backed by a fully staffed accounting department. This means you’ll always get continuous service, no matter how complex or minor your accounting needs are. You can https://afn.by/news/i/252410 either assign this task to one of your staff members or trust a professional to handle it. “In complex transactional situations, the firm has had the expertise to help us handle all of them without breaking stride.” – Jon R. This tax rate can vary not only by state but within each state as well.

• You can consolidate across multiple currencies and local tax codes automatically and in minutes.
• Short-Term Disability Insurance Paid leave up to 26 weeks of qualified absence at 60% of annual base salary.
• Yes, we know how to track all the complexities of restricted funds, but most importantly, we know how to set up a simple process that is easy for the client and delivers clear reports.
• And while we discussed state income tax in a previous article, you should also remember local income taxes.
• We’ll implement new technology and processes to modernize your bookkeeping and improve transparency.

Payroll Preparation & Posting

Our many years of experience with nonprofit services means our dedicated team of experts understands the tax challenges your entity faces. We help you develop the best strategies to mitigate your organization’s liability and https://forumprosport.ru/showthread.php?t=9599 maximize your income. First, find out which considered software offers a free trial or a version you can use to try the software before buying. Narrow your list down of considered software to the ones you can afford.

• With this software, you can create donor profiles, communicate with donors and keep a record of the relationship, and personalize your engagement and retention strategies with targeted outreach tools.
• BookkeepingYour Bookkeeping Specialist will enter and reconcile the transactions in the appropriate register and include journal entries for payroll if you use Gusto.
• We apply our nonprofit accounting experience and expertise to implement the changes the organization needs to transform.
• For example, let’s say your nonprofit needs a car to run errands for the organization.
• NetSuite’s accounting software offers accounts receivable and payable, cash management, fixed asset management, a general ledger and tax management solutions.

Nonprofit Compliance

Health Flexible Spending Accounts This benefit is available to all full-time employees permitting pre-tax dollars to be set aside to pay for qualified medical expenses. Volunteer Time Off Giving back to the community is important to all of us. We provide three days each year for employees to spend time giving back to charitable organizations that mean something to YOU. Throughout the year, we also offer opportunities for our staff to participate in a community events together.

Serving Nonprofits of All Types

To rank the best accounting software for nonprofits, we first considered whether the software offered nonprofit-specific features, like donation tracking and Form 990 generation. We also considered price, ease of use, data security, types of plans, and customer reviews. However, Wave doesn’t offer fund accounting or any other nonprofit-specific features, so we hesitate to recommend it to nonprofit bookkeepers and treasurers.

And on the review site TrustRadius, Sage Intacct gets 8.6 stars out of 101 with customers indicating they’re happy with Sage’s fast customer service response time. These financial statements can provide helpful insight into your nonprofit’s financial health so that you can adjust accordingly and plan your next moves. Essentially, you should view bookkeeping as the financial oversight process that’s necessary for operating your nonprofit daily. For example, bookkeeping ensures your nonprofit uses its revenue wisely and maintains its tax-exempt status.

Jitasa’s tax specialists have filed more than 4,000 tax returns for nonprofits of all shapes and sizes. In addition to your IRS Form 990, we’ll prepare any and all additional tax forms required by your state or local government. If your nonprofit is looking to hire a fractional CFO, our J-SAT professionals are equipped to help you work through your toughest financial challenges, from forecasting cash flows to creating complex budgets.

Unlimited Support

NetSuite, which was purchased by Oracle a few years ago, offers a wide range of accounting, CRM, and ERP (enterprise resource planning) solutions for dozens of industries—including nonprofits. NetSuite’s cloud-based Social Impact software includes fund https://creaspace.ru/users/profile.php?user_id=29108 accounting, inventory management, and even ecommerce support. As a CPA-led firm specializing in nonprofit organizations, Bestow Nonprofit Accounting and Consulting is more than just an accounting firm; we are your dedicated financial professionals.

Note that you aren’t the only one affected by late payroll tax payments. Your employees could lose future Social Security, Medicare, or unemployment benefits if those funds aren’t paid. So take care of your obligations—and your employees—by making complete payroll tax payments on time. Managing a nonprofit organization’s overhead (management and general) expenses is just as important as managing program and fundraising expenses.