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Outsourced Nonprofit Accounting Services

Lescault & Walderman specializes in providing outsourced nonprofit accounting services. We help nonprofits automate time-consuming accounting processes, such as tracking revenue, allocating expenses, and ensuring transparent reporting, to free up time and build confidence. With our expertise in nonprofit financial management, you’ll enjoy financial transparency and more time to drive your mission forward. Every organization’s goals are different, so we tailor our outsourced accounting solutions to fit your unique needs.
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Lescault & Walderman offers nonprofit accounting solutions that cover bookkeeping, financial management, controller services, and grant accounting to meet the specific needs of nonprofit organizations.

Bookkeeping for Nonprofits

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Build a system that provides accurate and timely financial information for your specific target audiences.

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Financial Management for Nonprofits

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Get clarity and transparency for a thorough understanding of all donor activity.

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Grant Accounting for Nonprofits

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Ensure your financial reporting compliance for federal, state and foundation funding.

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Don’t let accounting get in the way of achieving your mission

  • Are you struggling to maintain accurate fund reporting?
  • Are you properly classifying restricted vs. unrestricted net assets?
  • Is your audit process disorganized or disruptive?
  • Does your organization’s reporting deliver the transparency needed to maintain confidence and compliance?
  • Are you struggling to find the time and resources to implement nonprofit accounting software that meets the required accounting standards for your organization?
  • Does your work force lack the accounting expertise required to meet the US accounting requirements to prevent fines and penalties?
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When you don’t maintain an effective nonprofit accounting system it can cost way more than it saves. You risk legal consequences. Worse, you risk the loss of donor trust.
It doesn’t have to be this way.

Outsourcing nonprofit bookkeeping has never been easier. Click the button below to speak to one of our experts.

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Partnering for Success: Harnessing Expertise through Outsourced Nonprofit Accounting

The community you serve needs you. Don’t waste time on accounting while trying to drive your mission forward.

Our tailored outsourced accounting for nonprofit services is here to assist you.

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Pre-Audit Preparation

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. By entrusting these tasks to a skilled professional, you ensure accurate financial records, thorough audit preparations, and seamless communication. Streamline your audit experience and maintain compliance with the expertise of a dedicated nonprofit accountant.

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Grant Tracking

Ensure compliance with grant requirements through our meticulous review and evaluation of grant documents. Our expert recommendations will help your nonprofit effectively meet the financial record standards set by grantors, optimizing fund allocation. Trust us to streamline your grant tracking process and enhance your organization’s impact.

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Management Reporting

Customize your reporting system to meet the needs of diverse stakeholders, such as your executive team, board of directors, and third-party entities. Our tailored solutions enable informed decision-making and enhance transparency. Optimize your management reporting process with our expertise for accurate and relevant financial insights.

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Here's how to get started:

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1. Schedule a No-Obligation Call

Your time is valuable, and we don’t want to waste it. Let’s schedule a discovery meeting so we can discuss your needs and confirm there’s a fit.

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2. Receive Your Accounting Review

We'll review your accounting documents, then provide you with a customized report that includes our findings and our recommendations for moving forward.

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3. Attend Review Meeting

We'll host up to a 2 hour meeting to review our findings and recommendations, answer any further questions and outline how we'll work together.

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4. Review Your Proposal

Working from our review, we’ll provide clear and actionable recommendations for improvement related to your particular processes, software, and systems.

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5. Engage Us For Your Needs

If you approve of our recommendations, you’ll sign an engagement letter and we’ll start work!

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We value the work you do

At Lescault and Walderman, we appreciate the impact that nonprofit organizations make in our communities and the world beyond. We understand the funding challenges and compliance issues that you face in your day to day operations. These challenges are beyond the scope of your mission. That’s why we specialize in providing automated and seamless accounting services to nonprofits just like you.

You shouldn’t have to feel overwhelmed and consumed by your accounting. Instead, let our nonprofit accountants focus on pre-audit preparation, income/expense classification, and importantly, grant and member tracking, while you work to realize your mission.

Your cause deserves your dedicated time and attention. You need an accounting partner that empowers you with the processes and systems to deliver timely financial information. When you have transparent reporting, you instill donor trust and assure future funding to continue your purpose.

At Lescault and Walderman, our mission is to provide nonprofits like yours with the tools and outsourced nonprofit accounting services you need to reach your organizational objectives.

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Download our free guide to help grow your business:

A Beginner’s Guide to Grant Accounting

Frequently Asked Questions

Tracking key metrics is crucial for nonprofit financial health as it enables organizations to make informed decisions, identify areas for improvement, and ensure the long-term sustainability of their organization. By monitoring metrics related to revenue, expenses, debt, cash flow, fundraising, and employee well-being, nonprofits can gain valuable insights into their financial performance, optimize resource allocation, and effectively achieve their mission and goals.

Nonprofit outsourced accounting has been proven a viable solution to help the nonprofit board manage these metrics with real time data.

To learn how a nonprofit board can gain insight and strategic vision from KPI’s, click here.

To learn more about our outsourced accounts receivable services for nonprofits and other industries, click here.

To address cash flow challenges, nonprofits can take steps such as regularly reviewing cash flow, diversifying revenue streams, renegotiating payment methods and debt, and understanding cash flow statements for effective expenditure planning. Additionally, they can consider outsourcing cash flow management to streamline operations and optimize financial processes.

A nonprofit outsourced accounting department can turn the tide for nonprofits as they will have the right expertise in their corner when they need it most.

To learn how to effectively manage cashflow in a nonprofit organization, click here.

At Lescault and Walderman we have outsourced accounting services for nonprofits that can assist with cash flow challenges. To learn more about us click here.

Yes, nonprofits can outsource internal controls to specialized firms that offer expertise in financial management practices and internal controls. Outsourcing provides access to a team of experts, reduces costs, mitigates risks, and increases efficiency. By outsourcing internal controls, nonprofits can focus on their core initiatives and leverage the knowledge and resources of experienced professionals.

 

To learn about the importance of internal controls for nonprofits, click here.

Nonprofit accounting in the United States brings forth distinct challenges not encountered in for-profit accounting. Here are some of the key hurdles faced by nonprofits:

  • Fund accounting complexity: Nonprofits manage diverse funding sources, such as grants, donations, and program fees, each carrying specific restrictions. The intricacies of fund accounting demand a deep understanding of accounting principles.
  • Compliance with regulations: Nonprofits must adhere to federal, state, and local regulations encompassing tax laws, reporting obligations, and nonprofit governance. Compliance entails specialized knowledge and expertise.
  • Navigating donor restrictions: Donations to nonprofits often come with stipulations on their utilization, complicating financial planning and management. Accurate tracking and reporting of these donor-imposed limitations ensure trust and compliance.
  • Resource limitations: Nonprofits frequently contend with limited financial resources and staffing, posing challenges in resource allocation, financial transparency, and meeting regulatory demands.
  • Balancing financial sustainability: Nonprofits strive to achieve their missions while ensuring long-term financial viability. This necessitates meticulous financial planning, forecasting, and management, presenting unique challenges in the nonprofit sector.

To learn tools and strategies for Nonprofit donor management, click here.

Access to specialized expertise: Nonprofit accounting requires specific knowledge of fund accounting, tax laws, and regulatory requirements. By outsourcing accounting, nonprofits can tap into the expertise of professional accountants who specialize in nonprofit accounting, ensuring accurate and compliant financial management.

Cost savings: Outsourcing accounting services can be more cost-effective than hiring a full-time in-house accountant or accounting team. Nonprofits can customize outsourced accounting services to their specific needs, resulting in greater flexibility and scalability without the expenses associated with hiring a full-time employee.

Time savings: Managing accounting tasks can be time-consuming and distract from the core mission of the organization. By outsourcing accounting, nonprofits can free up staff time to focus on essential programs and activities that drive the organization’s impact.

Improved financial management: Professional accounting services can help nonprofits enhance their financial management practices, including financial planning, budgeting, and reporting. This leads to more informed decision-making and better financial outcomes for the organization.

Enhanced financial transparency: Nonprofits are accountable to stakeholders, including donors, board members, and the public. Outsourcing accounting can help ensure that financial reporting is accurate and transparent, fostering donor trust and support.

By outsourcing accounting services, nonprofit organizations can leverage specialized expertise, achieve cost savings, save time, improve financial management, and enhance financial transparency for the benefit of their mission and stakeholders.

To learn more about the 3 key benefits to outsourcing your booking and accounting for nonprofit organizations, click here.

To learn about outsourcing services with Lescault and Walderman, click here.

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