Not-for-profit organizations vary in their size, purpose, and management, but the nature of their work means that they have to make the most of their resources. Efficient finance and accounting allows these organizations to do more for those they serve.
Simultaneously, complex systems of organization can make this difficult. One set of professionals may handle the day-to-day management of finances, while oversight may fall to a separate group. Not-for-profits might also lack the staff they need to perform effective financial reporting, tax planning, and accounting.
Our Work with Not-for-Profits
Rogers, Anderson, Malody & Scott, LLP understands the unique challenges that not-for-profit organizations face. We offer more than six decades of experience supporting our clients’ needs. During that time, we have worked with industry groups, medical associations, institutions of higher education, and many charitable causes.
Our professionals have in-depth knowledge of not-for-profit accounting standards. We know how to:
- Manage restricted and unrestricted funds.
- Handle contributions properly in tax planning and reporting.
- Plan for the organization’s future financial needs.
How We Support Not-for-Profits
Similar to our work for governmental agencies, we often report to the not-for-profit’s board of directors but work in partnership with its financial and accounting staff.
In some situations, we assume the role of controller and handle the system of accounts; expenditures and collections; payroll; and budget. Other organizations turn to us for special projects, such as the preparation of monthly financial statements, management reports, and tax planning. Whatever the need, our services allows not-for-profit organizations to focus on their most important concerns: namely, their membership and mission.