Nonprofit organizations do a lot of good in the world, but many of them end up short staffed–something that can make running day to day operations and keeping their mission alive a tad difficult. That is why, Clifford, Ross, Raudenbush, & Cooper, LLC is dedicated to helping nonprofits get back to their mission by taking their bookkeeping woes out of their hands. Here’s how that can help.
Gives You Extra Time
The bottom line is, outsourcing your bookkeeping will give the people who work and volunteer at nonprofits more time to dedicate to operational duties, outreach, and whatever else you need to do to be successful. This can give you time to focus on writing grants, obtaining donations, marketing and social media, and building a well thought out online presence. Bookkeeping can really be a drag (not for us, of course!) and take up a lot of your time, so by outsourcing, you never know what you’ll have the freedom to do.
Oversees Your Finances
A professional bookkeeper is able to help keep everything organized because they’ll organize your finances, including your net assets, revenues, expenses, and salaries. Properly handling finances can place a huge burden on nonprofit employees and volunteers. Outsourcing your bookkeeping can help.
Organizes Tax Information Efficiently
Handling taxes as a nonprofit can be tricky. Though you are exempt from paying taxes by the Internal Revenue Service, it’s important to apply for exemption, ensure that you qualify, and to apply to be a 501 (c). With professional bookkeeping services, you can leave the crazy tax stuff that may come up to the pros.
If you’re applying for grants as a nonprofit, it’s important to know how to do bookkeeping and organize your budget. Foundations and corporations that fund grants will ask for the budget and what you plan to use the money for. They may also want to see what your overall budget looks like to see how you allocate money throughout the organization. A bookkeeper can help you create an accurate and informative budget.
Receive Statements Regularly
It’s important for any organization to stay on top of their finances. Bookkeepers will be able to create and distribute various financial documents, including income statements, payroll, and balance sheets.
Bookkeeping Services from Clifford, Ross, Raudenbush, & Cooper, LLC
If you work in a nonprofit organization that could benefit from bookkeeping services, Clifford, Ross, Raudenbush, & Cooper, LLC can help! Call us today to learn more!