Accounting for Not-for-Profit Organizations
Our team of accountants have consistently focused on the financial needs and demands of those organizations operating in the not-for-profit (NPO) sector. We recognize that not-for-profit stakeholders (organization members, donors, recipients) seek assurance on a number of things: clarity in reporting, the integrity of financial information and transparency in disclosure.
The not-for-profit sector is one of the most competitive and fastest growing – such is the demand from Canadians to provide collective responses to community needs as Governments continue to face financial difficulty. In addition to the increased competiveness within the sector, donor perceptions and a demand for improved oversight have caused not-for-profits to call for the best financial advice available.
At Insight, we never lose sight of the fact that you are operating with donations, and in some cases limited resources, and understand fully the need for transparency and accountability during our engagement with your organization. We have experience with a large number of not-for-profit organizations that include charities, First Nation groups, professional bodies, associations, tourism organizations, social services groups, educational institutions, recreational clubs, cultural organizations and more.
How an Accountant Helps a Not-for-Profit
There are a whole host of complex questions and issues involved in Not for Profit Accounting – often this gets overlooked when setting up an NPO. Insight Online Accountants is committed to helping not-for-profits and other public agencies address them. As a result of our extensive experience in the sector we can assist you with:
- Assurance and Accounting
- Corporate Governance
- Charitable Receipting
- Standards and Controls
- Tax Reporting and Minimization
- Conversion to ASPE + NPO or IFRS
- Other Reporting
- Operating Considerations
- Other Advisory Services