As someone who is passionate about serving the community, we expect that you enjoy the macro-level planning of your organization. Sometimes, little details can be missed. Although they may not seem important, oversight of these details can create severe issues down the line. We admire your drive to help as many people as possible because we dove into the accounting world for the same reason.
At Lescault and Walderman, we work alongside organizations like yours to provide systematic budgeting and financial management for nonprofit organizations. Our team will create adequate accounting infrastructure so that you can focus on the short and long term goals of your mission.
Your nonprofit’s budget will be the driving force behind all of your decision making. Making clear classifications between revenue, deferred revenue, expenses, and other line items will paint a clear picture of where you currently stand and provide some insight as to where you want to be.
Nonprofit reporting requirements are similar to your typical small business GAAP standards, but there are some significant differences, such as donor reporting requirements, that you must keep in mind as you forge your financial records. The ability to create accurate reports on time will ultimately save you from potential headaches down the line.
We assume that you started your nonprofit to help as many people as you can. As your audience grows, your accounting fundamentals must evolve as well. Our team of nonprofit experts will help you plan for the future and make realistic projections for the next year, five years, and beyond.