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Not-For-Profit Services

Bookkeeping

Most Directors find that managing paperwork, keeping up with funding requirements and running the daily operations of the organization are virtually impossible. To that end, AFS can take the accounting off your plate. Whether it’s accounting for supporting service costs or contributed services, AFS consultants are trained professionals that take the guesswork out of accounting. Transactions are classified and recorded based on generally accepted accounting principles.

Services include the following:

  • Accounting for Contributions
  • Processing Vendor Payments
  • Reconciling Bank Accounts
  • Maintaining Donor Data
  • Reconciling Payroll
  • Budgeting & Forecasting
  • Managing Grants Receivable
  • Managing Bank & Credit Cards
  • Financial Reporting


Financial Statements

In contrast to for-profit financial statements, non-profit operating statements require a more in-depth view necessary to make the most informed decisions. The Statement of Functional Expenses is a detailed schedule of function or program related expenditures. This statement is especially important because most charities are evaluated based on the percentage of their expenses as it relates to program activities. The most successful organizations are those that are the most informed.


Information & Tax Returns

Preparing the IRS Form 990 Return of Organizations Exempt from Income Tax is a detailed & time-consuming process. Since 501(c)3 and other similar types of organizations are tax exempt the IRS looks to gather as much information from them as possible to ensure the genuine pursuit of a public service. AFS consultants are detailed oriented individuals with the skills and knowledge to ensure an accurate return and properly tell the story that truly depicts the fundamental nature of the organization.


Internal Auditing

Our most important goal is to assist you and the organization in furthering its objectives. We understand that to most people the CPA represents the one person to discuss and handle most of their business needs. The close working relationship we share with our clients gives us a better understanding of their overall financial goals. We offer a broad range of valuable internal audit services that address all aspects of operations and results in effective policy development. Our analysis extends cash management, software evaluation, risk management and 3rd Party Inquiries. Our firm prides itself as a partner to all of the organizations and communities we serve.


Specialized Services

In addition to traditional accounting, audit, tax and consulting services, AFS offers a full range of value-added services designed to increase transparency, improve communication internally in the organization and in the community.