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Best Accounting Solutions for Not-for-Profit Organizations
Not-for-Profit
With a cause-focused approach and belief in people, Number Solutions Tax and Accounting offers specialised accounting services for not-for-profit organisations. Their leadership team is fully committed to the success of their clients, providing exceptional financial, accounting, and consulting services.
They have assembled a passionate team of experts in not-for-profit accounting who share the company’s values of social justice and equity. This team helps values-based organisations manage accounting processes and comply with obligations, providing financial expertise that contributes to their clients’ success
Furthermore, Number Solutions Tax & Accounting has a deep understanding of the financial constraints, compliance, regulatory, and governance requirements that not-for-profit organisations face. Thanks to this expertise, they can provide cutting-edge and simplistic solutions to their clients.
From high-level financial reports to basic bookkeeping and everything in between, they not only manage their clients’ numbers but also keep them informed, provide clarity around their finances, and simplify their processes. As specialists in the not-for-profit sector, their purpose is to empower talented and enthusiastic organisations that aim to make a difference, regardless of the size of the organisation. With the right financial solutions for every organisation, Number Solutions is the go-to accounting service for not-for-profit organisations.
Tailored financial solutions designed to meet your nonprofit's Specific requirements:
Setting Ups
Starting a new not-for-profit organisation or setting up one as a charity can be overwhelming due to the numerous legal requirements and multiple regulators to deal with, including the ACNC, ATO, and ASIC. Number Solutions Tax and Accounting provides a not-for-profit start-up service specifically designed to simplify and minimise stress in the process. The firm offers guidance, advice, and support to help new organisations turn their ideas into reality efficiently and effectively. With years of experience helping new organisations establish themselves, Number Solutions is well-equipped to handle any challenge that may arise.
Grant Accounting
Expert grant accounting services are available to not-for-profit organisations seeking assistance in developing compelling grant proposals aligned with their goals, and ensuring compliance with all grant requirements. In addition to these services, organisations can access budgeting and forecasting, financial management support, and acquittal preparation. Partnering with a trusted provider in the field can allow not-for-profit organisations to focus on their core mission while ensuring grant accounting and compliance work is taken care of by experienced professionals.
Bookkeeping & Payroll
Effective bookkeeping and payroll processing are critical for any organisation’s success. At Number Solutions Tax and Accounting, we specialise in providing tailored bookkeeping and payroll services to not-for-profit organisations. Our experienced team eliminates the burden of managing staff, recruiting, and training, freeing up time to focus on core objectives. With our commitment to reliability and skill, not-for-profit organisations can confidently rely on us to handle their bookkeeping and payroll needs, enabling them to thrive and grow.
Financial Reports
Accurate and transparent financial reporting is critical for not-for-profit organisations to maintain their tax-exempt status and the confidence of their stakeholders. Number Solutions Tax and Accounting offers comprehensive accounting services that cater to the specific needs of not-for-profit organisations, including the preparation of financial reports that adhere to the Australian Accounting Standards Board (AASB) guidelines.
Our knowledgeable team is well-equipped to handle the unique challenges of not-for-profit accounting, ensuring that our clients receive precise and timely financial information. By entrusting their financial reporting to us, not-for-profit organisations can confidently make informed decisions and maintain the trust of their stakeholders.
Taxation Services
Not-for-profit and charitable organisations face unique and challenging tax obligations, such as FBT, GST, Superannuation contributions, and salary packaging. To navigate these complexities, Number Solutions Tax and Accounting offers specialised taxation services that cater to the specific needs of these sectors.
Our experienced professionals are well-versed in the tax laws and regulations applicable to not-for-profit and charitable organisations. We provide tailored tax planning and compliance services, from filing annual tax returns to obtaining tax-exempt status and advising on tax-efficient fundraising strategies. Our expert services ensure that these organisations remain compliant with tax laws while minimizing their tax burden, freeing up resources to focus on their core objectives.
Audit Preparation
If your not-for-profit organisation is facing an upcoming audit, Number Solutions Tax and Accounting can provide the expert support you need to prepare with confidence. Our audit preparation services are designed to help navigate the complexities of the audit process and ensure compliance with all relevant regulations. Our team of experienced professionals will work closely with you to ensure that your financial records and reports are accurate, complete, and compliant, leaving you free to focus on your core objectives.
External CFO
As the NFP sector continues to evolve, organisations must overcome unique challenges to grow revenue and maximise efficiency. Number Solutions Tax & Accounting specialises in providing specialist CFO services to help not-for-profit organisations address these challenges and optimise performance.
Our highly qualified CFOs have a deep understanding of the sector and can offer customised solutions tailored to organisational needs, providing flexibility with outsourced CFO services on a short-term or ongoing basis. Our team can assist with developing forecasts, adopting new business models, and managing risk, leveraging decades of experience working with not-for-profit Australia-wide to solve complex financial problems and help organisations focus on their mission to help the world.
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