Bookkeeping services for non-profits entitles doing books of accounts for organizations that work towards the wellbeing of the society as a whole. Non-profits and charities include Religious, Charitable, Educational, Scientific, Foster homes, Literary, as well as Prevention of Cruelty to Children or Animals Organizations.
As they receive funds through various sources such as contributions from fundraising events, public and private grants. And an outflow of funds is recorded for their social activities where funds are distributed as and when needed.
IBN’s bookkeeping services for Non-profits assists them in maintaining clean books of accounts.
Bookkeeping for non-profits is designed to address the structural process of non-profit organisations with multi-tier operations maintain an extensive accounting department.
The last decade has seen many non-profits shift their entire bookkeeping process to an online Bookkeeping Service Company.
IBN Technologies Limited offers comprehensive Bookkeeping Services for non-profits which comprises of maintenance of General Ledger, Invoicing, regular updations of Accounts payable and Accounts Receivable, Bank reconciliation statements, Credit Card Reconciliations as well Fixed asset Management. Along with Financial statement preparations, Cash Flow Budgeting, and also prepares Monthly, quarterly and yearly financial statements as well as does MIS Preparations, costing and financial analysis for the company.
Our Key Performance Matrix for Bookkeeping Services Consist of
- Daily Cash Transaction recordkeeping
- Account Payable Processing (Complete procure to pay cycle)
- Account Receivable Processing (Complete order to cash cycle)
- Bank/ Credit Card Reconciliation
- Inventory Management
- Fixed Asset Management
- Sales Tax and VAT Management
- Other Accounting Data and Administration
Our bookkeeping services are complemented by our Accounting Services which includes:
- Cash Flow Management
- Costing & Budgeting
- MIS & other Management Reporting
- Monthly, Quarterly, Yearly closing
- Financial Statement Preparations
- Proforma Financial Statement Preparation & Analysis
IBN’s online bookkeeper’s team are experienced and are well acquaintanted, certified and experienced in using various globally accepted Bookkeepingsoftwares such as Free Books, XERO, Wave, Intuit Pro-Advisors and Intuit Point of Sale PRO-Advisor.
Bookkeeping services for non-profits are addressed with efficiency by an in house team that will enable you to safely migrate data from on an existing desktop system to cloud accounting softwares. Bookkeeping software’s such as QuickBooks, CSA, Net Suite, Quicken, Peachtree, Sage, MYOB, ERPs, Tax Software Intuit’s Lacerate, Creative Solutions Ultra-Tax, Intuit’s ProSeries, ATX, Drake Tax, Prosy stem FX, Go System, Turbo Tax, etc, are ideal for all sorts of complex Bookkeeping for non-profits.
Other than bookkeeping services for Non Profits; IBN also specializes in Bookkeeping services for small business, CPA firms, food and beverage industry and banking industry. We address the key performance areas of bookkeeping services pertaining to the specification of that particular industry.