FORM 990 PREPARATION. AUDIT SUPPORT. BOARD-READY REPORTING.
Nonprofits
Bookkeeping, payroll, and financial reporting for grants, programs, restricted funds, and Form 990. Clear financial statements for leadership, boards, auditors, and funders.
Nonprofit accounting requires clear separation of restricted and unrestricted funds, consistent tracking by grant and program, functional expense allocation, and records organized for Form 990 and audit preparation. We structure the chart of accounts, run payroll, and prepare board-ready financial statements so leaders can understand how resources are funded, spent, and reported.
WHAT WE SET UP:
- Restricted and unrestricted fund tracking by grant and program
- Form 990 preparation, audit support, and functional expense allocation
- Board-ready financial statements and management reports
- Software: QuickBooks Online, configured for nonprofit fund and program reporting
WHAT MAKES NONPROFITS DIFFERENT
Four things generic accountants get wrong in nonprofit accounting.
Nonprofit accounting is more than standard bookkeeping with a few additional reports. Fund accounting, functional expense allocation, Form 990, state charitable filings, and board and grant reporting all require records structured around nonprofit operations.
Fund accounting
Restricted and unrestricted funds need separate visibility. We organize the chart of accounts by grant and program so restrictions, activity, and balances appear clearly in financial statements, support Form 990 preparation, and remain traceable throughout the year for reporting and review.
Form 990 & audit prep
Form 990 shouldn’t be a three-month project. We keep nonprofit records organized year-round to support Form 990 preparation, state charitable filings, and audit requests, including Attorney General’s Office (AGO) reporting where required.
Functional expense allocation
Program, management and general, and fundraising expenses must be allocated consistently. We establish a documented allocation method that supports Form 990 preparation, audit support, and clear financial reporting for leadership and the board.
Board & grantor reporting
Boards, grantors, and auditors need financial information for different purposes. We organize the chart of accounts and reporting cadence so board-ready statements, grant reports, and audit schedules come from the same underlying records.
LET’S TALK
Want your Form 990 done in two weeks, not three months?
Book a 30-minute call with a Prudent nonprofit specialist. We’ll review your fund structure, your reporting cadence, and where the current setup is creating audit or grantor risk.