Not-For-Profits

Comprehensive accounting for Not-for-Profits to build trust, ensure compliance, and manage grants.

Specialized Accounting for Not-for-Profits

Transparent, compliant, and mission-focused financial solutions for not-for-profit organizations.

Why Does the Industry Need Our Services?

Not-for-Profit organizations face unique financial challenges, including maintaining donor trust, ensuring compliance with Internal Revenue Service regulations, managing grant funding, and producing clear financial reports. These requirements demand accurate records and expert guidance. With increasing scrutiny on financial transparency, the need for reliable accounting services for not-for-profits has never been greater.

We help not-for-profit leaders stay focused on their mission by handling the complexities of compliance, reporting, and financial planning. Our team understands the specific rules governing not for profit entities and delivers the strategic insight needed to sustain operations, secure funding, and grow impact.

Sheikh, Osher & Scott CPA & Advisors Support

What We Do for Our Not-for-Profit Clients?

1.Bookkeeping and Day-to-Day Accounting

2.Grant Management and Fund Accounting

3.Tax Compliance and Advisory

1. Not-for-Profit Bookkeeping and Day-to-Day Accounting

Our team provides precise, timely non-profit bookkeeping services that track every donation, grant, and expenditure. We implement best practices for internal controls and ensure that financial data is audit-ready at all times.

2. Grant Management and Fund Accounting

We support not-for-profits with restricted and unrestricted fund tracking, ensuring proper allocation and use of funds according to donor or grantor requirements. This includes helping with budgeting, reporting, and reconciliation across multiple funding sources.

3. Tax Compliance and Advisory for Not-for-Profits

As experienced tax preparers, we guide organizations through tax preparation, IRS (Internal Revenue Service) compliance, and other reporting obligations. Our advisory team helps minimize risk and ensures you maintain your tax-exempt status.

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How We Can Help Your Not-for-Profit Company Prosper

Sheikh, Osher & Scott CPAs & Advisors go beyond basic accounting; we become a strategic partner in helping your not for profits thrive. Through outsourced not-for-profit accounting solutions, we help reduce administrative burden, improve financial accuracy, and create reporting structures that support long-term growth. Our services meet the needs of charitable organizations, foundations, religious institutions, and membership associations.

Our not-for-profit audit services also give stakeholders confidence in your financial statements, strengthening your position when applying for grants or reporting to your board. As one of the trusted CPA firms in Illinois, our goal is to help not for profits achieve financial clarity and meet their compliance responsibilities with ease.

FAQs

What types of not-for-profits do you work with?

We serve a wide range of organizations, including charitable groups, private foundations, religious institutions, and educational entities.

Can you help my company prepare for an audit?

Absolutely. We provide audit services and will ensure your books, records, and internal processes meet audit standards.

Do you offer outsourced bookkeeping services?

Yes, our outsourced accounting and bookkeeping for organizations ensures timely, accurate financial reporting with less overhead.

Can you help with grant compliance and reporting?

Yes, we offer fund accounting services that track how each grant is used, ensuring proper reporting and compliance with funder requirements.

Partner with Trusted Not-For-Profits Accounting Experts

Focus on your mission while we handle the numbers. Let our experienced team take care of your not-for-profit’s financial needs from bookkeeping to compliance.