At Waterhouse Accounting, we offer a comprehensive range of accounting services to meet your business needs. Whether you require bookkeeping, tax preparation, financial statement analysis, or payroll management, we are here to provide expert assistance and support. Our team is dedicated to ensuring that your financial operations run smoothly, allowing you to focus on driving your business forward.
Our dedicated bookkeeping services are tailored to support your mission while ensuring compliance and transparency in your financial operations.
Our expert team specializes in managing accounts payable and receivable, tracking donations, and preparing financial statements that reflect your organization’s true financial health. We also assist with budgeting and forecasting, helping you allocate resources effectively to maximize your impact.
Our CFO services are designed to empower nonprofit organizations by providing expert financial guidance and strategic support. With our experienced team at your side, you can focus on your core mission and initiatives while we expertly handle your financial complexities. Whether you need assistance with budgeting, forecasting, or financial risk management, we provide tailored solutions to address your specific needs and challenges, enabling you to make informed decisions based on real-time data.
We provide comprehensive audit preperation services to assess the accuracy and reliability of your financial information. We assist with the meticulous preparation of documents and schedules needed for external audits. This support ensures that all financial records are accurate, complete, and ready for review by auditors. Our thorough approach ensures that your financial records are in compliance with regulatory standards and industry best practices. We deliver meticulous attention to detail and valuable insights to enhance your financial processes.
Monthy Accounting Services
Conduct thorough bank and credit card reconciliations to ensure that all transactions are accurately reflected in the organization’s financial records.
Financial Statement Preparation
Prepare detailed monthly financial statements, including income statements, balance sheets, and cash flow statements.
Budget vs. Actual Analysis
Perform a comprehensive analysis comparing actual financial performance against the budget.
Fund Accounting Management
Ensure meticulous management of fund accounting practices to accurately track and report financial activities according to donor restrictions and reporting requirements.
Expense Tracking and Reporting
Implement robust monitoring and categorization of expenses to ensure they align with budgeted amounts.
Grants and Funding Review
Conduct a thorough review of grants and funding sources to ensure compliance with reporting requirements.
Preparation of Journal Entries
Prepare and post month-end journal entries to accurately reflect all financial transactions and necessary adjustments.
Year-End Close Reports
Year-End Financial Statement Preparation
Prepare comprehensive year-end financial statements that include all necessary reports required by stakeholders and regulatory bodies.
Year-End Reconciliation
Conduct a comprehensive reconciliation of all accounts to ensure that every transaction has been accurately recorded for the year.
Fixed Asset Management
Review and update the fixed asset register, including calculating depreciation and documenting asset disposals.
Budget Planning for the Upcoming Year
Collaborate with the organization to create a robust annual budget, incorporating insights from the previous year’s performance and projecting future funding needs.
Financial Review Meetings
Conduct meetings with management and the board to review financial performance, discuss challenges, and strategize for the upcoming year.
Donor Reporting
Prepare end-of-year reports for donors that summarize the impact of their contributions and how funds were utilized throughout the year.
Policy Review and Recommendations
Review the organization’s accounting policies and procedures, providing actionable recommendations for improvements or updates.
At Waterhouse Accounting, we specialize in helping nonprofit organizations achieve significant cost savings through the implementation of efficient systems, advanced technology, and streamlined processes and procedures. Our expert team conducts a thorough assessment of your current financial operations to identify areas where improvements can be made.
By implementing tailored accounting systems and technology solutions, we enhance the accuracy and efficiency of your financial reporting, reducing the time and resources spent on manual tasks. Our team also works closely with you to develop and refine processes and procedures that promote operational efficiency, minimize waste, and ensure compliance with financial regulations.
Additionally, we provide training and support to your staff, empowering them to utilize these systems effectively and maximize their potential for cost savings. With our guidance, your nonprofit can not only save money but also allocate resources more strategically, ultimately allowing you to focus on your mission and better serve your community. Let Waterhouse Accounting be your partner in achieving financial efficiency and sustainability.
Our tax planning services are designed to help you minimize tax liabilities while maximizing savings. We work closely with you to prepare and file Form 990 and 1099 along with any other required tax documents, ensuring adherence to both federal and state regulations. We can optimize your tax planning to ensure compliance and efficiency.
We understand the unique challenges faced by nonprofit startups. Our tailored services are designed to help you establish a solid financial foundation so you can focus on your mission.
We offer comprehensive bookkeeping, financial planning, grant management, and compliance assistance to ensure your organization is set up for success.
Waterhouse Accounting is proud to offer professional notary services specifically designed for nonprofit organizations. Our certified notaries are equipped to assist with a variety of documents, including contracts, agreements, and other essential paperwork that require notarization.
