Nonprofits/Charities

Around the world, the most scrutinized businesses are nonprofits and charitable organizations. This makes it ever more important and imperative for these businesses to have an accurate and viable accounting system for fear of running into fraudulent activities and audit investigations stemming from suspected misappropriation of funds.

At Ottawa Bookkeeping, we understand the specific financial structures for these types of business, and our accountants have the expertise and experience to help both charitable and non-profit organizations. We not only enhance the organization’s financial stability, we also ensure proper reporting and tax accountability.

The advantages of working with Ottawa Bookkeeping includes but is not limited to:

• The full cycle of bookkeeping including tax remittance and all payroll aspects.
• Assistance in the budget and report preparation as required by the board of directors.
• Preparation of other financial and management reports.
• Preparation of T5.
• Lower cost of services compared to paying an in-house financial controller or CFO.
• External financial control components.
• Partnership with your accountant to ensure an effective end to the year.

We also offer the following services and these services can be performed weekly, bi-weekly or monthly as per the structure of the practice:

• Payroll preparation
• Posting cheques, deposits, and credit cards
• Writing cheques
• Assisting in collecting outstanding receivables
• Cash management

In addition, the following services are customizable to fit the needs of our clients so that their specific needs can be met. The services below can be performed either monthly or quarterly as per the structure of the practice:

• Reconciliation of banks accounts
• Income statement preparation
• Balancing sheet preparation
• Preparation of billing statements and expense reports
• Preparation of the general ledger
• Analysis of customized reports that target expense handling

Ottawa Bookkeeping offers all these services to small or medium-sized nonprofits and charities in the following industries:

• Arts, Cultural & Recreational Organizations
• Business & Trade Associations
• Charities and Social Services
• Churches and Religious Organizations
• Foundations
• Membership and Advocacy Associations
• Private Clubs

Ottawa Bookkeeping knows that every type of charity and nonprofit is unique and will present different types of challenges, but our accountants and bookkeepers are ready to face those challenges and help your organization grow!