FORM 990 PREP IN TWO WEEKS. AUDIT PREP ALL YEAR.
Nonprofits
Bookkeeping, payroll, and reporting set up for grants, donors, and Form 990. Restricted funds tracked properly. Audits that close without findings. Board reports the auditor and grantor both accept.
Nonprofit accounting is its own world: restricted versus unrestricted funds, grant compliance, donor acknowledgments, Form 990, and board-ready reporting that auditors and funders can both follow. We set up the foundation, run payroll for staff and contractors, and prepare the financial package your board, your auditor, and your grantors all expect.
WHAT WE SET UP:
- Restricted and unrestricted fund tracking, by grant and by program
- Form 990 preparation, audit prep, and functional expense allocation
- Board-ready statements and donor acknowledgment workflows
- Software: QuickBooks Online Nonprofit, Xero, or your existing fundraising stack
WHAT MAKES NONPROFITS DIFFERENT
Four things generic accountants get wrong in nonprofit accounting.
Nonprofits do not use standard for-profit accounting with a few extra reports. Fund accounting, functional expense allocation, Form 990, and grantor compliance each carry rules that generalists miss (and auditors flag). Here’s what we set up before your first close.
Fund accounting
Restricted, temporarily restricted, and unrestricted funds each need their own visibility. We set up the chart of accounts so every grant, program, and donor restriction tracks correctly and appears in the right places on financial statements and the Form 990.
Form 990 & audit prep
Form 990 shouldn’t be a three-month project. We keep the books audit-ready year-round with functional expense allocation, board minutes tracking, and clean documentation, so 990 prep drops to two weeks and the annual audit closes without findings.
Functional expense allocation
Program, management, and fundraising expenses need to allocate accurately across departments. We build the allocation methodology that satisfies auditors, informs your board, and holds up on the Form 990 without redoing it every year.
Board & grantor reporting
Your board wants clarity. Grantors want compliance. Auditors want documentation. We set up statements and reporting cadence so the same clean data produces every report your board, your grantors, and your auditor need.
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.