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Bookkeeping & Accounting
Whenever funds change hands or data needs to be recorded regarding nonprofit financials, a nonprofit bookkeeper is responsible for keeping those records up-to-date and organized. A bookkeeper is not required to analyze transactions and often lacks the experience and education to do so effectively. One of the main components of bookkeeping is managing a general ledger. This is the primary document where bookkeepers keep all their records, expenses and receipts. Recording on the ledger is known as posting.
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Advisory Services
Virginia Accounting Advisory Services practice comprises of a dedicated team providing accounting and financial reporting advice and support to member firms audit and non-audit clients on a wide range of transactions and events, including adherence to new or revised accounting standards and effective management of the financial reporting processes, to support through an IPO process. Numerous companies are also seeking to improve their processes to achieve timely and accurate financial reporting.
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Tax Services
Nonprofits are also exempt from paying sales tax and property tax. While the income of a nonprofit organization may not be subject to federal taxes, nonprofit organizations do pay employee taxes (Social Security and Medicare) just like any for-profit company. VATAAS has extensive experience helping nonprofits minimize their tax liability and can help you with all your tax planning and preparation needs. We take the time to explain the options carefully so that each of our clients has a clear picture of their financial standing.
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Donation Platforms
Whether you’re still ramping up your virtual fundraising efforts or preparing for a world of hybrid events, you’re going to need the right online fundraising software to succeed. That means finding the platform that’s best for you. To make the search easier, we’ve shared a list of online fundraising platforms that we think might be a good fit for your nonprofit. For each, we’ve included which organizations they’re best for, our favorite feature, images of the software, and a pricing overview.
