The focus of fund based bookkeeping is accountability - tracking the amount of cash assigned to specific purposes and monitoring how that cash is spent. We can help you setup your financial reporting system to ensure your organization's funds are tracked and used in accordance to donor, grant authority, or governing agency stipulations.
The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your financial reporting system around these revenue and expense classifications. Our talented staff is highly experienced in creating and establishing a financial reporting system to satisfy both the IRS and funding source guidelines.
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