Nonprofit Services
Outsourced Nonprofit Bookkeeping, Accounting & Tax Services by Pennywise Consulting Corporation
At Pennywise Consulting Corporation, we specialize in providing comprehensive bookkeeping, accounting, and tax services tailored to the unique needs of nonprofit organizations. Whether you need full financial management support or assistance with specific tasks, our customized solutions ensure financial transparency, compliance, and long-term success for your organization.
Nonprofit Bookkeeping Services
Accurate bookkeeping is the foundation of effective financial management. Our nonprofit bookkeeping services focus on tracking day-to-day financial activities, ensuring compliance with regulatory standards, and providing detailed insights into your organization’s financial health.
Revenue and Expense Tracking: Maintain precise records of income and expenditures.
Data Entry and Allocation: Ensure accurate and organized financial data for better decision-making.
Compliance Assurance: Adhere to regulatory requirements and nonprofit accounting standards.
Nonprofit Accounting Services
Nonprofit accounting goes beyond bookkeeping—it involves strategic planning, analysis, and reporting to maintain accountability to stakeholders and donors. Our services include:
Cloud-Based Accounting Systems: Set up and manage modern, secure accounting platforms.
Monthly Financial Statements: Prepare detailed reports to provide a clear picture of your financial position.
Account Reconciliations: Ensure accuracy by reconciling accounts regularly.
Year-End Tax Compliance: Handle 1099 forms and other year-end tax requirements.
Strategic Financial Insights: Provide guidance for long-term planning and sustainability.
Fully Staffed Accounting Team
Every client, regardless of size, benefits from the support of a dedicated team of accounting professionals. Your organization will be assigned a primary accounting associate to ensure consistent, high-quality service tailored to your needs.
Ongoing Support: Assistance with both routine and complex accounting tasks.
Audit Preparation: Expert guidance to prepare for financial audits.
System Reviews: Regular evaluations of your accounting systems to ensure efficiency and accuracy.
Strengthened Internal Controls
We help nonprofits establish robust internal controls to protect financial data and reduce the risk of errors or fraud.
Duty Segregation: Implement best practices to separate financial responsibilities.
Proactive Monitoring: Continuously review processes to ensure reliability and security.
Setup for Success
Our engagement begins with an initial setup process to ensure your financial systems are optimized for success.
Chart of Accounts Review: Align your chart of accounts with GAAP and nonprofit standards.
System Configuration: Migrate and configure your accounting systems for seamless operations.
Compliance Assurance: Ensure all processes meet regulatory and industry requirements.
Simple, Flat-Rate Nonprofit Bookkeeping & Accounting Packages
We offer affordable, tiered pricing based on the size and needs of your nonprofit organization.
Small Nonprofit (Under $200,000 in annual gross receipts)
Cloud-Based Accounting System
Chart of Accounts Setup or Review
Monthly Account Reconciliations
Monthly Financial Statements
Year-End Reporting & 1099s
Revenue & Expense Data Entry & Allocations
Advisory Services Included
Starting at $395/month
Midsize Nonprofit (200,000−200,000−1,000,000 in annual gross receipts)
Cloud-Based Accounting System
Chart of Accounts Setup or Review
Monthly Account Reconciliations
Monthly Financial Statements
Year-End Reporting & 1099s
Audit Preparation
Revenue & Expense Data Entry & Allocations
Advisory Services Included
Starting at $1,050/month
Large Nonprofit (Over $1,000,000 in annual gross receipts)
Cloud-Based Accounting System
Chart of Accounts Setup or Review
Monthly Account Reconciliations
Monthly Financial Statements
Year-End Reporting & 1099s
Audit Preparation
Revenue & Expense Data Entry & Allocations
Advisory Services Included
Contact us for a custom quote
Additional Nonprofit Accounting Services
Beyond our core offerings, we provide a wide range of customized solutions to support your nonprofit’s unique needs:
Audit Preparation & Support
Bill Pay Services
Financial Dashboards & Reporting
Grant Management Support
Onsite Visits for Hands-On Guidance
Payroll Coordination
Sales Tax Filings
Why Choose Pennywise Consulting Corporation?
Expert Guidance: A team of professionals with deep expertise in nonprofit accounting and compliance.
Tailored Solutions: Customized services to meet your organization’s specific needs.
Proactive Approach: Continuous support to ensure financial transparency and efficiency.
Commitment to Compliance: Adherence to GAAP and nonprofit accounting standards.
Our Commitment to Your Mission
At Pennywise Consulting Corporation, we understand the unique challenges faced by nonprofit organizations. Our outsourced bookkeeping, accounting, and tax services are designed to help you focus on your mission while we handle the complexities of financial management.
Let us be your trusted partner in achieving financial stability and success. Contact us today to request a quote and learn how we can support your nonprofit’s financial operations.
