Expert Accounting and Compliance Services for Nonprofits

Streamline your finances with Hudson & Empire's specialized accounting services for non-profit organizations. From accurate reporting to tax support, budget planning and audit preparation, we help your organization thrive while staying focused on its mission.

Our Nonprofit Accounting Services

At Hudson & Empire, we provide accounting services for non-profit organizations, including accounting, compliance, and audit preparation. We help your organization meet its financial and compliance obligations, critical for maintaining funding, tax-exempt status, and stakeholder trust. Our audit preparation services include:

  • Audit Preparation Services

    We organize financial records, reconcile accounts, and conduct internal audits to identify and resolve any potential internal issues. Our experts ensure your organization meets the audit requirements under California law and federal regulations.

  • Grant Reporting Assistance

    Our team of experts prepares detailed financial reports required by local and federal agencies, including budget-to-actual comparisons, progress reports, and final grant utilization reports. We help you comply with great teams and demonstrate proper fund usage to secure continued support.

  • Compliance with federal and state requirements

    We assist organizations adhering to the Nonprofit Integrity Act of 2004, Uniform Guidance (2 CFR Part 200), and other applicable laws. Whether it’s preparing for a Single Audit or Submitting reports to California agencies like Cal OES, we ensure full compliance.

  • Financial Statement Preparation & Attestation

    Presenting accurate and professional financial statements is crucial for securing funding and maintaining donor confidence. Our team of accountants for nonprofit organizations prepares attested financials that meet donor, grantor, and audit requirements, helping your organization easily present lender- and grant-ready financial statements.

  • Advisory/Consulting

    We provide comprehensive monthly reports, such as income statements and balance sheets, to offer strategic finance, accounting, and technology guidance. Our expertise helps safeguard your organization against internal and external threats, ensuring financial stability and long-term success.

  • Ongoing support and staff training

    We’re here for you year-round. From training your staff and board members on financial management to providing ongoing monitoring and support, we ensure your nonprofit remains audit- and grant-ready.

  • CFO Services

    Our CFO services offer expert financial leadership to guide your business toward growth and stability. We provide strategic insights, financial planning, and decision-making support, helping you optimize cash flow, manage risks, and achieve long-term success with confidence.

  • NFP SmartStart

    Designed for small and start-up nonprofits, NFP SmartStart offers accounting best practices, compliant processes, and accurate financial data. With meaningful reporting, we help you make informed decisions, driving your organization’s growth and success as you take it to the next level.

Why Outsourcing Accounting is Important for Nonprofits

As nonprofit organizations grow, many organizations consider hiring a full-time accountant. However, this can be costly, as the organization must pay for everything from hiring to maintaining a full-time professional.

For small to mid-sized nonprofit organizations, a full-time accountant may not be necessary. Instead, the ideal service size that these organizations need is offered through outsourced accounting options.

Outsourcing provides nonprofits with access to accounting expertise and allows them to accomplish important financial tasks without hiring a full-time team member. Some of the benefits that accompany outsourcing your nonprofit’s accounting needs include:

  • Lower costs: Hiring full-time staff can be costly. By partnering with an outsourced accounting firm specializing in nonprofits, you can access the services you need at a more affordable rate.

  • Tailored Solutions: Nonprofit organizations often face challenges such as grant compliance, donor accountability, and maintaining tax-exempt status. With specialized expertise, outsourcing teams tailor services to meet you needs, ensuring compliance and accuracy at every step

  • Access to expertise: While individual accountants bring their own individual skills, outsourcing firms provide your organization with the collective experience of an entire team. This enhances the quality and accuracy of your financial management.

  • Industry Expertise: Your outsourced accounting team brings a wealth of experience working with various nonprofits. This means they've likely encountered and successfully addressed similar challenges your organization may face. 

  • Audit and grant compliance support: Nonprofits operating in California with $2 million or more in gross revenues (excluding certain government grants) are legally required to undergo an independent audit. A team of experts can help prepare your organization for these audits, ensuring all financial records are accurate and audit-ready.

Why Choose Our Accounting Services for Non-Profit Organizations?

  • 1. Our Passion

    We are deeply committed to supporting nonprofits that work toward a better society. By choosing our non-profit accounting services, you join a network of organizations dedicated to positive change. Our passion fuels our drive to provide financial solutions that empower nonprofits to thrive and make a meaningful impact.

  • 2. Flexible Services

    We understand that each nonprofit has unique needs. Our financial accounting for nonprofit organizations is designed to be flexible, adapting to your organization’s size, goals, and financial challenges. Whether you need monthly reports, grant management, or full bookkeeping support, we tailor our solutions to meet your specific requirements, ensuring efficiency and effectiveness.

  • 3. Customer-Centric Approach

    Our approach is built around you. We prioritize understanding your nonprofit’s vision and goals, allowing us to offer personalized financial services that support your mission. With constant communication and a focus on your success, we ensure that you receive the highest level of service and attention to detail at every step.

 FAQs

  • Accounting services for non-profit organizations include managing financial records, preparing reports like income statements and balance sheets, tracking expenses, and ensuring compliance with tax laws and regulations.

  • Accounting is crucial for nonprofits to maintain transparency, comply with regulations, track funding, ensure financial stability, and build trust with donors and stakeholders.

  • Outsourcing accounting services offers nonprofits access to expert financial support, reduces costs, ensures accuracy, and frees up resources to focus on their mission.

  • Yes, nonprofit organizations can undergo audits to ensure financial transparency, compliance with regulations, and to build credibility with donors and stakeholders.