Nonprofit Accounting & Compliance Services

    Nonprofit accounting has rules that most general practice firms get wrong. Our team specializes in fund accounting, Form 990 preparation, grant compliance, and board-ready financial reporting. We help tax-exempt organizations maintain their status, satisfy funders, and focus on their mission instead of spreadsheets.

    What's Included

    Form 990, 990-EZ, and 990-PF preparation
    Fund accounting setup and management
    Grant tracking and compliance reporting
    Restricted vs. unrestricted fund classification
    Functional expense allocation
    Board financial reporting packages
    State charitable registration filings
    Tax-exempt status application (Form 1023/1024)
    Unrelated Business Income Tax (UBIT) analysis
    Donor acknowledgment letter templates
    Audit preparation and support
    Budget-to-actual reporting by program and grant

    Who This Is For

    501(c)(3) Organizations

    You run a charitable nonprofit and need a CPA firm that understands fund accounting, Form 990 nuances, and how to keep your financial reporting aligned with donor and funder expectations.

    Grant-Funded Programs

    You receive federal, state, or foundation grants and need accurate tracking of expenditures by grant, proper cost allocation, and timely compliance reports to maintain funding.

    New Nonprofits Seeking Tax-Exempt Status

    You are forming a new nonprofit and need help structuring your organization, applying for 501(c)(3) status with the IRS, and setting up proper accounting from day one.

    Nonprofits Preparing for an Audit

    Your funder or board requires audited financial statements and you need help getting your books audit-ready, selecting an engagement format, and passing with clean findings.

    Our Process

    1

    Nonprofit Financial Assessment

    We review your current accounting setup, chart of accounts, fund structure, and compliance obligations. You receive a clear action plan identifying gaps and priorities.

    2

    Fund Accounting Setup

    We configure your accounting system to properly track restricted, temporarily restricted, and unrestricted funds. We establish grant tracking codes, functional expense categories, and program-level reporting.

    3

    Ongoing Accounting & Reporting

    Each month we reconcile accounts, classify transactions by fund and program, and deliver board-ready financial reports including a statement of activities, statement of financial position, and functional expense statement.

    4

    Annual Compliance & Filing

    We prepare and file your Form 990, state charitable registrations, and any required grant compliance reports. We coordinate directly with your auditors if an audit is required.

    Why Choose Your Virtual CPA

    Deep specialization in nonprofit accounting and compliance
    Experience with single audits, OMB Uniform Guidance, and Yellow Book standards
    Board-ready financial packages delivered monthly
    Expertise across 501(c)(3), 501(c)(4), 501(c)(6), and other exempt organizations
    Proactive grant compliance monitoring to prevent funding clawbacks
    Form 990 preparation that tells your story accurately to donors and regulators

    Frequently Asked Questions

    Serving the DMV and Beyond

    Available in Washington DC, Maryland, Virginia, and all 50 states.

    Ready to Get Started?

    Schedule a free consultation to discuss your nonprofit accounting & compliance needs.