Not-for-profit organizations play an important role in our communities, addressing critical social, educational, environmental, and health-related issues. The A Team’s Not-for-Profit Division, The A Team Cares, provides not-for-profit accounting services with our dedicated team of professionals who offer specialized not-for-profit accounting services and solutions designed to meet the unique financial needs of not-for-profit organizations.
Each member of The A Team Cares has been extensively trained in not-for-profit financial reporting, management, and compliance. Additionally, our specialized team receives training and mentorship in handling the distinct financial needs of not-for-profit organizations, including not-for-profit accounting for functional expenses, restricted assets, and investments.
Our not-for-profit account services include comprehensive monthly oversight and closing procedures to provide not-for-profits with a clear picture of their financial health. We provide a clear breakdown of all month-end closing responsibilities to facilitate a timely close, enabling financial transparency and accountability. These elements are critical for building and maintaining trust with donors and stakeholders.
We help organizations ensure that donor-restricted funds are tracked appropriately, honoring the donors’ intentions and maintaining compliance with financial regulations. Our not-for-profit accounting services advise tracking the contributions and releases of restricted assets. With deep knowledge in accounting for not-for-profit organizations, we ensure that we provide accurate information for every purpose, from board meeting presentations to audits.
This trio of not-for-profit accounting services allows non-profits to plan for future expenses and revenues, anticipate and manage their cash flow to maintain operational stability, and set strategic financial goals to align with their mission. We tailor our not-for-profit accounting services to the reporting needs of each client. Examples of reports we commonly produce are budget vs. actuals, cash flows and cash flow forecasts, and annual budgets.
We manage the audit process for our clients every step of the way, from the pre-audit engagement to reviewing the audited financials. Acting as the liaison and main point of contact between the auditors and our clients, we complete each task in a timely manner. With our not-for-profit accounting services, we have all of your audit needs covered. Whether it’s the preparation of the Statement of Functional Expenses, the tracking of gala revenues and expenses, assistance with gathering documentation, or preparing the schedule of temporarily restricted net assists.
Our team prepares the reports and data necessary for the tax accountants to make the required tax filings accurate and timely. The reports include financial reports, fixed asset schedules, prepaid schedules, and other pieces of supporting documentation. While our team does not file the tax returns themselves, we liaise with the tax accountants so our clients have a smooth filing experience.
The A Team Cares Specialists employ accounting technology to simplify intricate tasks in not-for-profit accounting, automate everyday operations, and improve data accuracy. Our not-for-profit accounting services enables our clients to make well-informed, timely business decisions.
Additionally, our software solutions are tailored to each client’s unique needs and include data migrations between our clients’ donation-tracking and accounting systems, implementations of receipt tracking software like Expensify or Fyle, QB Desktop to QB Online conversions, accounts payable solutions, and more.
Our experienced team will align transactions with financial records, reconciling for accuracy and transparency. Through our not-for-profit accounting services, we help our clients manage their assets effectively and support strategic investment decisions necessary for financial stability and growth. We also prepare roll-forward schedules that track asset balance changes and income and expense events so our clients have accurate information.
Senior Controller
