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Non-Profit

TAX & ACCOUNTING FOR NON-PROFIT

As a non profit organization, you are obligated to manage your fiances with the utmost transparency and accuracy.  At OnPoint, we work with non profit organizations in various industries helping them manage finances and comply with accounting and tax regulations.


SERVICES


  • Annual reporting and filing such as Form 990's
  • Accounting and bookkeeping maintenance on Quickbooks
  • Bill paying and vendor check payments
  • Donations tracking and reporting
  • Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
  • Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
  • Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
  • Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
  • Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.


The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

Interested In Our Services For Non-Profits?

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