While most CPAs shy away from the confusing and complex nature of nonprofit accounting, we focus solely on it. After having worked with nonprofits with a budget of $1M+ for over 25 years, we understand how to do your accounting like few do. Cook CPA is committed to providing consulting, accounting, tax and auditing services that distinguish our common sense, uncommon service approach from any other CPA firms. We do so by utilizing technology to its fullest capabilities, taking time to understand and analyze a business’s needs, long-term goals, and objectives to personalize each and every interaction. Nonprofits operate under specific regulations, such as maintaining tax-exempt status and proper grant reporting.

Accounting Cleanup

Our Directors have all served on various local non-profit Boards, furthering our commitment and experience to this industry and to our local community. We are a constant resource to you and your staff and take the time to assist you with understanding and interpreting accounting and Keep Records for Small Business compliance requirements. We understand our responsibility to provide service to our clients throughout the year.

Audit Preparation

• Once you’ve got a bookkeeping system in place, you need to start creating financial statements.
• You no longer have to endure missed grant opportunities because you fail to have all the financials in place.
• From financial health check-ups to internal controls strengthening, we provide a wide range of consulting services meant to help your nonprofit organization understand and improve their financial data.
• A variety of case studies are evaluated to gain perspective into ethical lapses, fraud, and legal liability.
• For-profit organizations have it simple; they just track net income from sales.
• This allows real-time access to donor data, customizes donor communication, and automates updates.

A strategic nonprofit accountant can help you plan in advance to use your 990 to increase fundraising. Nonprofits juggle several responsibilities with a limited staff, and keeping up with bookkeeping and payroll can feel overwhelming. Outsourced accounting services perform these tasks, ensuring everything is accurate and aligned with nonprofit payroll regulations. It reduces the administrative burden, giving your team more time to focus on what matters retained earnings most—your mission. Efficiently navigate the audit process with the support of a nonprofit accountant. They perform monthly/annual closes, assemble workpapers, manage PBC requirements, and liaise with the CPA firm.

• Regular updates need to provide enough detail for non-financial experts to make informed decisions.
• In Sacramento, where the confluence of political activism and community-driven initiatives shapes the landscape, nonprofits stand at the forefront of change.
• John Waddell and Company has been providing accounting, auditing, consulting, and tax services to non-profit service organizations for over 50 years.
• The Certificate II requires individuals to master complex accounting and financial reporting, tax compliance, governance and assurance matters in a variety of NFP settings.
• To do this, have your bookkeeper monitor and record your transactions or invest in a software solution that automatically tracks each expense for you.
• This transparency isn’t just a box to check; it’s essential for building trust, showcasing responsible fund use, and ultimately supporting your mission and long-term sustainability.

Our Team

Organizations must constantly weigh program expansion opportunities against financial constraints, all while managing irregular cash flow patterns typical of grant funding cycles. So, the program managers need accurate cost information to make decisions. Organizations must carefully evaluate accounting software options against their specific needs, considering current requirements and bookkeeping services in sacramento future growth. For instance, cloud-based accounting solutions offer particular advantages for nonprofits, allowing remote access and automatic backups. What matters is the overall picture of your organization’s financial health and impact. Good fund management keeps donors happy, auditors satisfied, and your programs running smoothly.

Enhanced Focus on Core Mission

• Search software that offers automated compliance reminders, including built-in alerts for crucial filing dates, such as IRS Form 990 and state-specific reports.
• Nonprofit Collaborative of Southern CaliforniaJanet Fohrman is the founder of the Nonprofit Collaborative of Southern California (NPCSC).
• The accounting courses also meet unit requirements of local area governmental employers’ promotional exams in accounting.
• This course introduces the study of investments, income taxes, deferred income taxes, pension plans, capital/finance leases, and restatement of financial statements.

Our approach ensures your financial management is as effective and forward-thinking as Sacramento itself, enabling you to focus on your mission of advocacy and community service. With Jitasa, leverage the financial acumen necessary to make a profound impact in this hub of policy and progress, ensuring your nonprofit’s voice is heard and its mission is achieved. Syd Highley is a CPA and Managing Principal of Daily Balance, a nonprofit accounting firm located in Sacramento, CA. Lescault & Walderman offers nonprofit accounting solutions that cover bookkeeping, financial management, controller services, and grant accounting to meet the specific needs of nonprofit organizations. Good nonprofit accounting practices help you create accurate, timely financial reports, demonstrate proper fund usage, track program outcomes against expenses, and provide clear impact measurements.