Bookkeeping
We manage accounts receivable, accounts payable, bank reconciliation, payroll processing and other essential daily financial transactions.
Membership Associations
At JFW Accounting Services, we have built our own community of hard-working nonprofit accounting experts to address the financial concerns of membership associations.
Nonprofit membership associations influence the success and economic well-being of our communities today, tomorrow, and into the future. These nonprofit associations exist to serve and unite members that share a professional interest or philanthropic passion. Membership associations go above and beyond traditional “for-profit” professional organizations because their focus is not on earning a profit to improve their individual members or shareholders but they are concerned about the well-being of the entire membership/ group. If their membership includes private interests, then member-driven associations work not only to improve, but to reinforce the future of private-sector businesses as well.
Membership associations are created to solve a common problem for their members, like securing insurance benefits, managing company real estate, and protecting the economic and social welfare of the group. Members benefit from productive training, education, and networking opportunities, but it’s important to understand that every opportunity is powered by a hard-working, dedicated, nonprofit leader. Membership association leaders face overwhelming struggles behind the scenes, including decreasing membership numbers, costly resources, technological advances, declining revenue sources, and increasing competition.
At JFW Accounting Services, we have built our own community of hard-working nonprofit accounting experts to address the financial concerns of membership associations. We understand that membership associations face unique challenges to other organizations, even other charitable organizations, and we’ve made it our mission to equip ourselves with industry knowledge and robust accounting software necessary to support membership associations. Our membership advisors provide structural guidance, nonprofit bookkeeping, and accounting services powered by Sage Intacct, Additionally, we provide nonprofit tax and advisory services, virtual CFO programs, and help with preparing our clients' financial audits. Our team is trained in utilizing the latest technology and industry best practices and we remain informed about changes and trends in the nonprofit sector and Generally Accepted Accounting Principles (GAAP).
Membership associations are created to solve a common problem for their members, like securing insurance benefits, managing company real estate, and protecting the economic and social welfare of the group. Members benefit from productive training, education, and networking opportunities, but it’s important to understand that every opportunity is powered by a hard-working, dedicated, nonprofit leader. Membership association leaders face overwhelming struggles behind the scenes, including decreasing membership numbers, costly resources, technological advances, declining revenue sources, and increasing competition.
At JFW Accounting Services, we have built our own community of hard-working nonprofit accounting experts to address the financial concerns of membership associations. We understand that membership associations face unique challenges to other organizations, even other charitable organizations, and we’ve made it our mission to equip ourselves with industry knowledge and robust accounting software necessary to support membership associations. Our membership advisors provide structural guidance, nonprofit bookkeeping, and accounting services powered by Sage Intacct, Additionally, we provide nonprofit tax and advisory services, virtual CFO programs, and help with preparing our clients' financial audits. Our team is trained in utilizing the latest technology and industry best practices and we remain informed about changes and trends in the nonprofit sector and Generally Accepted Accounting Principles (GAAP).
Chat with a Member Services advisor today to learn about our available service plans for your association:
• Reporting & Attestation: General ledger / Trial Balance, Cash Reconciliation, and Financial Statements
• Business Process Outsourcing: Accounts Payable / Bill Payment, Accounts Receivable / Collections, Cash Management and Reconciliation
• Virtual Controllership: Financial Statements, Comparative Reporting, Budgeting
• Virtual CFO: Financial Strategy, Financial Modeling, Market Analysis
We relish the opportunity to help you leverage your finances to make the biggest possible impact.
REQUEST A CLIENT ASSESSMENT TODAYServices Customized for Your Needs
JFW Accounting Services will gain you confidence in your accounting and financial trajectory. Our accessible team of experts is adept at open and transparent communication, resulting in a seamless partnership that consistently performs. We offer many specialized services that can be customized to your needs, strengths and budget.
Client Advisory Services
We kick off every relationship with a Client Assessment – helping us understand your organization’s unique needs.
BOOK A CLIENT ASSESSMENT TODAYGain Complete Confidence in Your Accounting
Your organization’s team should be focusing their time on what matters most – achieving your mission. That’s why we provide nonprofits with accurate data and transparent communication you can trust. With regular meetings to discuss your organization’s financial health, you’ll be confident that your organization is compliant, accountable and strategically utilizing your financial resources.
Individual Approach
We take an individual approach to each and every client, taking the time to thoroughly understand your problems, needs and goals. The result? Customized strategy and solutions that set your organization on a path to success.
Exceptional Customer Service
As an extension of your team, we are available when you need us. Always accurate, professional and on time, we are dedicated to helping everyone harness the power of their numbers to reach their true potential.
Team Of Industry-Leading Professionals
We are a reliable team of experts with decades of experience in business and nonprofit accounting. Our Nonprofit CPA’s are fully certified and regularly pursue professional education opportunities that keep their fingers on the pulse of accounting trends.
Hear From Some of Our Happy Clients
Customer satisfaction is at the heart of everything we do. We’ve proudly partnered with several nonprofits and businesses to enhance their accounting processes, understand their numbers and reach their financial goals.
We look forward to helping you achieve your financial goals!
GET STARTEDNON-PROFIT ORGANIZATION SERVICES
We can help maintain your nonprofit organization’s tax-exempt status by handling all of your monthly and quarterly financial accounting as well as your annual IRS reporting (Form 990) needs. Our team works collaboratively with our nonprofit clients to develop smart accounting systems informed by IRS rules, regulations and classifications.
We offer the following services:
- Accounting System Implementation, including aligning the Chart of Accounts, Program alignment and maintenance
- Monthly/quarterly review and compilation of your financial statements, including the statement of functional expenses and revenue support schedules
- Bi-weekly, semi-monthly and monthly payroll preparation
- Preparation of financial reports for your board of directors
- Grant administration, compliance, budget proposals & financial reports
- Reducing fraud risks and establishing fraud controls
- Implementation of effective budgeting practices
- Customized training for your accounting personnel
- Preparation of schedules for your annual 990 tax filing
- Consultation and review of initial start-up documentation, including incorporation and form 1023/1024
COMPILATIONS & AUDIT PREPARATION
A compilation involves an accountant preparing or assisting in preparing financial statements without expressing any assurances that the statements are accurate, complete, and/or in conformity with Generally Accepted Accounting Principles (GAAP). Unlike a review, few, if any, procedures are performed.
An audit is a formal examination of an organization’s accounts or financial situation. It is the top level of investigation performed on a business’ financial statement. We can help your organization prepare for external financial or regulatory audits. We will work with your internal management team to identify issues and develop and implement appropriate corrective action prior to your audit reviews. We will prepare and perform necessary testing as well as provide supporting documentation and work papers.
PAYROLL SERVICES
Are you considering outsourcing payroll? If so, you are not alone. Managing payroll is a time-consuming burden. Payroll is a necessary function of employing people, but it does not help create revenue or increase sales. Simply, payroll can be a drain on most employers’ resources. Outsourcing payroll helps reduce costs and increase available capacity for more important work.