Accounting for Not-For-Profit Organizations
Specialized NFP Financial Solutions
Running a not-for-profit organization can be very rewarding, especially when you’re doing good work in your community or on a larger national or international scale. However, not-for-profits have specific financial advisory needs to ensure that they meet compliance requirements while benefiting from every tax rebate advantage possible.
Our vast financial consultancy expertise in the not-for-profit sector will help ensure the financial health of your organization while keeping your mission sustainable over the long term.
AMLB’s collaborative approach
Our not-for-profits experts work alongside your Executive Director/Chief Executive Officer and Treasurer to establish key performance metrics, and track them over time to help identify development areas. Together, we’ll review monthly or quarterly financial reporting for your Board and provide not-for-profit financial literacy training to your Board members.
If you have any questions at any time, we’re always happy to answer them.
Valuable consultancy aligned with your practices
We understand how important transparency is to your funders. That’s why we review your cost allocation methodology to ensure that you take advantage of every opportunity to classify expenses as being incurred under specific programs, instead of just “administration costs”.
Our team will also facilitate budget development and monitoring processes that keep you and your Board continually aligned with the financial direction of your organization.
Every financial detail covered
We bring you peace of mind by taking care of financial compliance requirements such as completing and electronically filing your T3010 Registered Charity Information Return to CRA, as well as submitting all necessary reports to government and other funding partners. Our experts will also ensure you get every rebate you’re entitled to as a not-for-profit, such as the public service body rebate, HST rebate, property tax rebate, and more.
Secure cloud accounting platform
All of your financial processes are stored in a secure cloud environment, while maintaining approval workflows aligned to not-for-profit best practices. Your entire financial picture will be available on-demand at your fingertips in a digital environment that reduces stress on the environment by eliminating paper, including cheques!
Stress-free financials: anytime, anywhere!
Regulatory bodies, lenders, and stakeholders will need to access your books for annual review. Our accounting team will properly classify and present your numbers in financial statements to make the audit process seamless for everyone involved. We’ll also ensure that all transactions, expenses, and other items are properly recorded in a cloud-based bookkeeping system so you can access your financials at any time on your desktop or mobile device.
Plans
Controller
All your accounting functions plus value-added insights that allow your not-for-profit to have an even greater impact
- Cloud bookkeeping including digital (no paper!) invoice approvals and payments (monthly)
- Performance review session (monthly)
- Financial reporting package including budget to actual analysis (monthly)
- HST and other rebate filings
- Annual budget preparation and expense allocation to programs
- Support during year-end audit including financial statements
- Amazing apps, setup and training ?Go paperless with cloud accounting including proper set-up and training.
- Ongoing support ?Includes unlimited email/phone support with average response time of one business day!
- Payroll
CFO
Virtual CFO level services including forecasting and insights to take your not-for-profit to the next level!
- Cloud bookkeeping including digital (no paper!) invoice approvals and payments (monthly)
- Performance review session (monthly)
- Financial reporting package including budget to actual analysis (monthly)
- HST and other rebate filings
- Annual budget preparation and expense allocation to programs
- Support during year-end audit including financial statements
- Payroll
- Annual information return filings
- CFO advisory services including policy design, board training and financial forecasting
- Amazing apps, setup and training ?Go paperless with cloud accounting including proper set-up and training.
- Ongoing support ?Includes unlimited email/phone support with average response time of one business day!
What Our Clients Are Saying
Richard Smith
Director, Finance and IT
Our membership association has been working with AMLB over the past year and I would highly recommend them. Moez partnered with me to enhance the quality of our cash flow forecasts which are reported to a Board committee and introduced cloud-based tools to deliver real-time scenario planning which was critical for us to make program decisions, especially during the pandemic. Their team is friendly, collaborative and proactive, which just leads to a great client experience. Their partners bring extensive “big firm” financial leadership experience yet offer a small firm feel – we’re so glad to have found them!
Amy Lewis
Director Strategic Partnerships, Pancreatic Cancer Canada
Our charity organization was looking for a modern, progressive and personalized approach to our accounting. We wanted non profit experience without the ‘old way of doing things’ mindset and AMLB ticked all the boxes. I have been extremely impressed with the “virtual accounting” experience; especially the quality and timeliness of advice, low friction processes, and how approachable AMLB is. I look forward to our continued work together and making an even greater impact in the years to come!
Heather Terrence
President of Pinpoint Governance Group
I’ve had the privilege of working with Moez and the AMLB team at two non-profits over the past several years. Moez is a true professional who takes great pride in his work. I can say with great confidence that Moez is an incredible virtual CFO who not only does amazing work, but he understands each unique non-profit / charity and provides advice and support that align with the organization’s strategy, values and culture.
Examples of the impact the AMLB team have made include: strengthening the budgeting and forecasting framework at one non-profit and transforming the accounts payable process at another using cloud technologies.
I would recommend Moez and the AMLB team in a heartbeat!
Al-Azhar Khalfan
President and CEO, Supply Chain Canada, Ontario Institute
AMLB came in and made an impact right away. They worked collaboratively with our management team and Audit Committee to address the challenges we were facing and made an immediate impact. We now see them as our go-to finance partner and lean on them exclusively for strategic support and financial analysis. If you are looking for support with strategic and operational planning, budgeting, financial reporting or need advice on your financial processes, I would highly recommend that you consider AMLB to support your business.
Kim Sforza
Director Member and Corporate Engagement
My organization reached out to AMLB to improve our cash flow and budgeting processes, and wow, what a difference six months has made. The results have exceeded my expectations! They took the time upfront to understand our strategy, key stakeholders and processes then dug deep to figure out root causes of the key issues we were facing. They implemented a few cloud-based tools that reduced manual data entry and trained the team to ensure these changes were sustainable. The AMLB team is consistently there for us – any time I have suggested even minor improvements, they have been great about adapting to make my life that much easier. We now have much more timely and accurate reporting than ever before. I have already recommended AMLB to other business leaders and will continue to do so!
Our Cloud Partners
We partner with leading tech companies offering the most reliable, robust accounting products in today’s fast-paced market.
Ready to explore a brand new way to grow your business?
Schedule a complimentary business review today!