Nonprofit accounting is different in many ways. There’re a lot of cash donations, restricted and unrestricted grants that require complex dimensional reporting to track funds, manage program funds, prepare board reports and financial statements. Also, establishing internal controls to ensure integrity of the financial information and compliance requirements is time-consuming and resource intensive.
At PABS, we have been offering accounting services to charitable foundations, mission-driven organizations, housing cooperatives, religious and other nonprofit organizations. While you strive to focus on running lean on expenses to maximize your mission impact, we help you with reliable grant accounting, financial management, internal controls, weekly, monthly financials, and cash flow statements.
We are software agnostic that makes us more strategic, agile and reliable.
Access to full-service accounting from basic financial management to Controller/ CFO-level support
Accounting best practices and expert professionals with the required domain knowledge
Dedicated teams and technology that help to improve cash flow, reporting and operating processes
Process transformation by automating and digitizing manual processes
Robust AP/ AR that ensures financial transparency and forecasting
Proven processes to withstand changing accounting requirements and compliances
There are over 1.5 million nonprofit organizations operating in the USA – National Center for Charitable Statistics. In my accounting tenure, I’ve witnessed the struggles nonprofits face when financial hiccups disrupt their vital operations and programs. The misallocation, poor reporting, and mismanagement of funds deprive them of the resources they desperately need. The common ground […]
You receive donations or grants designated for a specific purpose that you have to spend within a calendar year. For instance, if you receive a donation explicitly for cancer-suffering children, you can’t use that fund for HIV or any other life-threatening diseases. As you are not free to use funds however you please, it is […]
Find out more about how we can help you organization navigate its next. Let us know your areas of interest so that we can serve you better.