Nonprofit Bookkeeping & Accounting

Bookkeeping for Nonprofit Organizations

Nonprofit accounting is becoming challenging due to ever increasing complex administrative and regulatory compliance requirements. To accomplice missions of a nonprofit organization, it is mandatory nonprofit bookkeeping & accounting must reflect a multidimensional perspective to track the flow of funds, their applications and utilizations, manage program funds and prepare financial statements to make informed-decisions.

At Velan, we have been offering bookkeeping & accounting services to charitable foundations, religious and other nonprofit organizations for several years. Our goal is to assist nonprofits in improving their effectiveness and efficiency with financial management, internal controls, and periodic financial statements. Our affordable nonprofit bookkeeping & accounting services are cater to every nonprofit irrespective of the physical location, size, segment or gross receipts. If you’re searching for a nonprofit bookkeeping & accounting service provider near me then you have landed in the right place.

We’re ISO 27001 and ISO 9001 certified, and practice the highest standards of compliance and security.

Focus on your charitable mission, we take care of your books!


Velan’s Bookkeeping Services for Not-for-Profit Organizations

From recording donations to compiling expense reports and creating budgets to streamlining cash flow control, our accountants help your 501c3 nonprofit to meet the accounting challenges and have gain control over their finances.

Nonprofit Accounting Monthly Services

  • Reconcile accounts and prepare financial statementss
  • Generate monthly trend reports
  • Prepare budget Vs actual reports
  • Generate custom reports

Nonprofit Annual Audit

  • We have participated in several audit process of non-profit organizations and contributed towards successful completion of the audits. We involve by taking the lead with your audit firm to make your life easy and focus on your agency mission. Every month we organize our clients’ accounts to aid smooth annual audit and we work with the audit firm to ensure the audit is seamless.

Annual Budgeting, Grant Management, Managing Restricted Funds & Cost Allocation.

  • Each grant is unique and has unique tracking requirements and restrictions. We work with you to ensure costs are allocated correctly to appropriate program and funding source.
  • Multilevel budgets – at program level or at grant level. We provide multiple monthly reports comparing budgets and actual to ensure that program managers always have information they need to look at how respective programs are performing.
  • Managing restricted funds involves creating and implementing systems that ensure each and every transaction related to the funds are documented well and complied with the restrictions associated with them.

Find out why several nonprofits nationwide have partnered with Velan for their accounting needs!

Offshore Nonprofit Bookkeeping Helps You to Maintain Your Books

Hire offshore well-trained not-for-profit bookkeepers who can do much more than just recording business transactions. They can handle payroll, cash flow management, annual audits, balance sheet and fractional CFO services.

Why Outsourced Nonprofit Bookkeeping ?

As a 501c3 nonprofit organization, you need to focus more on your missions than managing the books. A part-time bookkeeper or a volunteer accountant may not always be able to present the financial insights to make well-informed decisions.

At Velan, we provide personalized services that are designed to meet the specific needs of nonprofits. Irrespective of size of the nonprofits and no matter how small or complex the accounting needs are, a team of Velan accountants led by a primary accountant support them. This team effort not only ensures uninterrupted service to our clients but also access to a pool of experienced accountants.

With over a decade of experience, chances are that that we have encountered many of the complex scenarios already. This vast experience allow our team to deliver complex accounting needs including audit preparation, system reviews, bank reconciliations and more.

Software platforms that our offshore nonprofit bookkeepers have hands-on experience

QuickBooks lets you track maintenance and repair costs, AR/AP, payments to owners, and the financial standing of the operations - whether profitable or not

Aplos lets you manage almost all taks including bookkeeping, preparing financial reports, accepting donations and tracking resources.

Blackbaud an enterprise-level accounting tool, lets you track expenses and budget across fiscal years. It also integrates with Raiser's Edge NXT, a popular fund raising platform.

Xero, a cloud-based product, allows data synchronization between bookkeepers and accountants.

Sofrware4Nonprofits is for small organizations like churches or community organizations as its affordable and easy to use with all the necessary features to track income and expenses and create reports

Outsourcing Benefits

  • Over a decade of proven track record /li>
  • Established processes and best accounting practices in place
  • Access to full-service accounting from basic financial management
  • Well-trained professionals with the required domain expertise
  • Ability to scale the operations on a short notice
  • Certified and frequently audited data security practices
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Other Services

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Bookkeeping Services

NON PROFIT BOOKKEEPING AND ACCOUNTING TERMS THAT YOU SHOULD KNOW

Accounts Receivable (AR) is the amount owed to an organization for goods or services provided or used by a customer without payment. Examples of this are donations and receivables from donations.

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Cloud-ready offshore accountants

Our Nonprofits Software Expertise