22+

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Nonprofit Accounting and Bookkeeping Services

Trusted by 600+ Companies

How We Streamline Accounting & Bookkeeping for Nonprofit Organizations

We reconcile your accounts in a way that helps to demonstrate accountability to donors, stakeholders, and regulatory bodies. Our team of accountants and bookkeepers will assist you in systematically reporting and analyzing transactions, preparing financial statements and balance sheets, meeting compliance requirements, etc. In addition, we assist you in getting on top of your cash inflows (donations, grants, etc.) and cash outflows (expenses) by:

Automate bookkeeping processes, track income & expense, and generate financial statements & reports using accounting software (QuickBooks, Xero, and Wave).
Set up a chart of accounts or list of all the accounts nonprofits use to record financial transactions
Adhere to financial policies and procedures to ensure all financial transactions are handled consistently and transparently.
Reconcile bank and credit card accounts regularly to ensure that all transactions are recorded accurately and to identify any discrepancies or errors.
Streamline payment processing by setting up automatic payments for recurring expenses such as rent, utilities, and insurance.

Our Nonprofit Accounting and Bookkeeping Services

Cash Flow Management Services

Payroll Processing Services

Financial Analysis and Reporting Services

Financial statement preparation and analysis

General ledger maintenance and reconciliation

Bank and credit card reconciliations

Audit preparation and support

Financial Reporting

End-to-end tracking of donations and grants

Accounts payable and receivable management

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Request a Free 15-minute Consultation with Our Nonprofit Accounting Specialist Today!

During the consultation, some of the issues we can discuss are:

How you manage cash inflow and outflows and ways to improve it
Your current accounting and bookkeeping systems and how we can streamline it
Your current system in place for complying with accounting rules for nonprofit
Best practices for financial reporting to improve decision making

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Step-by-step process for Nonprofit Accounting and Bookkeeping Services

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Why Choose Our Non-Profit Accounting and Bookkeeping Services?

We are rated among the top accounting and bookkeeping firms for nonprofit organizations because of our wide exposure in offering robust accounting services to non-profit organizations of different sizes. Our end-to-end services for not-for-profit organizations include recording financial transactions, classifying them, maintaining financial records, reconciling accounts, financial analysis, and more. We have a proven track record of assisting NFPs from charitable, educational, religious, health, social welfare, etc., in bettering their finances through our nonprofit accounting services.

22+

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

22+

Years of
Experience

70+

Nonprofit
Clients

50K+

Invoices
Processed

5000+

Experienced
Professionals

Benefits of Outsourcing Nonprofit Accounting Services

Compliance with regulations:
Outsourcing accounting services help nonprofit firms comply with all federal and state regulations governing nonprofit finances. This prevents them from getting embroiled in legal issues and protects the organization's reputation while it strives to contribute to society.

We at Invensis are abreast of all compliance needs mandated for non-profit organizations. We stay up-to-date with the changes to ensure nonprofits do not fall out of mandatory compliance requirements and can meet their social goals without any hitches to their operations.
Accurate financial reporting:
One big advantage of outsourced nonprofit accounting services is it ensures that financial statements are accurate and comply with generally accepted accounting principles (GAAP). This improves transparency to donors and stakeholders. Likewise, by availing nonprofit bookkeeping services, NGOs can maintain high levels of accounts transparency while discharging charity work.
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Invensis has extensive knowledge of the financial reporting needs of nonprofit firms and NFP organizations. We have served the needs of diverse non-profit organizations, including ones with wide and complex financial transactions. We have handled tools like QuickBooks nonprofit, Xero nonprofit, FreshBooks nonprofit, etc., to simplify financial reporting.
Budgeting and forecasting:
A third-party accounting service provider can assist nonprofits in developing budgets and forecasts that reflect their unique financial needs and goals. This helps ensure the organization is financially sustainable and can achieve its mission and social objectives.
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Invensis has wide experience in assisting NFPs in analyzing historical financial data, creating a realistic revenue forecast, and adjusting the budget and forecast as needed. Our clients' bank on us to cut down expenses and stay on course with all kinds of expenses.
Increased efficiency:
Nonprofit outsourced accounting services are always more efficient because they bank on advanced tools. As nonprofits cannot invest in advanced accounting tools, keeping the system efficient is always challenging.
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Invensis depends on the most advanced accounting and bookkeeping software to keep processes efficient for NFPs. We leverage these tools based on client needs to eliminate slow tasks like manual updates and streamline the accounting process for greater efficiency.

Trends in Nonprofit Accounting and Bookkeeping

Technology adoption:
NGOs are increasingly adopting technology to streamline nonprofit accounting services. This includes using cloud-based accounting software, online payment processing, and automation tools to reduce manual data entry and improve accuracy. We at Invensis stay on top of technology adoption.‍
Increased focus on transparency and accountability:
Nonprofit firms need to be transparent about their financial practices and demonstrate accountability to their stakeholders. This is possible only with best practices in accounting and bookkeeping. Invensis adheres to best practices and meticulous quality checks to ensure complete transparency.
Emphasis on data analysis:
Nonprofit firms have begun to recognize the value of data analysis in making financial decisions. This includes using data to track financial performance, identify trends, and make strategic decisions about resource allocation. We at Invensis offer specialized accounting services for nonprofits to analyze their data with the best tools to get accurate insights into decision-making.

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What Our Customers Say

Invensis' auditing and taxation services assisted us in effecting significant changes in the business's focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally.

Norman Will

Leading Financial Institution in US

Invensis has helped us obtain business-critical data on our Accounts Receivable processes. This helped us make good cash flow decisions, motivate our teams, and maintain our focus on profit maximization.

Elijah Miller

Leading Telecommunications Company in UK

Invensis has been an outstanding business partner for over four years. Our Accounts Payable workflow has generated daily volumes of invoices to be processed, and Outsourced Bookkeeping handles the volume precisely. As a result, it's fantastic to arrive at work every day without any backlog.

Patrick Smith

Leading Customs Brokerage Company in UK