Accounting Services For Nonprofits

Operational Accounting

Our Operational Accounting services will help improve the flow of information from your accounting operations to your management team. This allows your Board, Program Directors, Staff, and Volunteers to concentrate on advancing your mission while the accounting operates efficiently and in compliance with continuously changing standards.

These services include:

  • Review transactions, investigate and resolve issues
  • Reconcile bank accounts
  • Generate and post period-end adjusting journal entries
  • Post cost allocations by program, grant, or contract
  • Monitor release of restricted funds
  • Calculate and post accruals and deferrals, depreciation and amortization
  • Reconcile and analyze accounts

Financial Reporting

Our seasoned professionals work with you to deliver reports to your management team and Board that provide insight into the performance of your organization. Your team is empowered to make smarter decisions and to allocate funds towards projects yielding the greatest impact. We work with you to customize reports that play a vital role in decision making.

Our reports include:

  • Financial Dashboard
  • Statement of Financial Position
  • Statement of Activities
  • Budget to Actual Summary and Detail
  • Special formatting for Board meetings
  • Custom reports developed with you

Strategy, Planning and Advisory Services

Our team at Nicholynn Advisors focuses on building close client relationships that add long-term value. This includes assuring the reliability of financial records, evaluating financial procedures and working to produce strategies to help our clients grow in today’s economy. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and providing resources and assistance where and when they need.

These services include:

  • Budget development
  • Audit process support
  • On-site bookkeeping and filing
  • Customized Funder invoicing and reports
  • Interim CFO staffing

Transactional Bookkeeping

Accurate record-keeping is essential to a successful organization yet can also be complicated and time consuming. Nicholynn Advisors can help you with the organization and day-to-day tasks of bookkeeping so you can focus on your core programs.

These services include:

  • Post of bills and invoices
  • Print checks for all approved expenses
  • Maintain electronic copy of all invoices received and coding assigned
  • Post and reconcile payroll data
  • Post receivables and liabilities
  • Post income and other deposits
  • Assign grant awards by program and funder
  • Pay pre-approved monthly bills