Nonprofit Accounting
Why Nonprofit Accounting Matters
Nonprofits face strict compliance, donor reporting, and grant-tracking requirements. Errors in financial reporting or failure to meet IRS standards can put funding, tax-exempt status, and public trust at risk.
BlancPeak provides specialized nonprofit accounting services beyond basic bookkeeping. From Form 990 preparation to accurate fund tracking and transparent reporting, our CPAs keep your finances compliant, organized, and audit-ready—so you can focus on your mission.
What's Included
- IRS Form 990 preparation and filing
- Fund accounting for restricted and unrestricted funds
- Donor and grant reporting support
- Board-ready financial statements and management reports
- Nonprofit accounting compliance (GAAP and regulatory standards)
- Audit and financial review preparation
We Help With
- IRS Form 990 filing requirements and compliance
- Tracking restricted and unrestricted funds
- Donor and grant reporting obligations
- Maintaining nonprofit tax-exempt status
- Preparing audit-ready financials for boards and regulators
Explore More Business Accounting Services
Nonprofit accounting has unique compliance and reporting requirements and works best alongside related business accounting services. Explore other services in our Business Accounting category:
- Bookkeping Services — accurate, up-to-date books with CPA oversight
- Payroll Services — compliant payroll processing with tax and employee reporting
- Financial Statement Preparation — professional balance sheets, income, and cash flow statements
- Quickbooks & Xero Setup — software setup and optimization for seamless accounting
- E-commerce Accounting — solutions for online businesses with sales tax integration
- Real Estate Accounting — accounting expertise for property owners and investors
- Medical Practice Accounting — specialized support for healthcare practices
FAQs: Nonprofit Accounting
Strong nonprofit accounting supports compliance, transparency, and donor confidence. These FAQs explain Form 990 requirements, fund accounting, donor and grant reporting, the role of a CPA, and audit preparation.
What is IRS Form 990, and why is it important?
IRS Form 990 is the annual information return most nonprofits must file. It outlines your organization’s mission, programs, governance, and finances. Accurate and timely filing is essential not only for compliance, but because Form 990 is public and often reviewed by donors, grantmakers, and regulators.
How do nonprofits track restricted and unrestricted funds?
Restricted funds are designated for specific purposes, while unrestricted funds support general operations. Proper fund accounting ensures donations are used as intended, supports transparency, and prevents compliance issues. We implement systems that clearly separate and track these funds for accurate reporting.
Can you help with donor and grant reporting requirements?
Yes. Many nonprofits are required to provide detailed financial reports to donors and grantors. We prepare clear, professional reports that demonstrate proper use of funds, support compliance, and help maintain donor and grant funding.
Do small nonprofits really need a CPA?
Even small nonprofits face complex compliance and reporting obligations. A CPA helps ensure accuracy, maintain tax-exempt status, and provide credibility when applying for grants, seeking donations, or preparing for audits or reviews.
How do you help nonprofits prepare for audits or reviews?
We prepare audit-ready financial statements and supporting documentation in accordance with nonprofit standards. Our team helps organize records, reconcile accounts, and address issues in advance, making the audit or review process smoother and less disruptive.
