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

Our Cloud Partners

We partner with leading tech companies offering the most reliable, robust accounting products in today’s fast-paced market.

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Ready to explore a brand new way to grow your business? Contact AMLB today for a complimentary discovery session to learn more about partnering with our firm. We think you’ll like what you hear.

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