Accounting

We are a full service accounting firm that specializes in nonprofits. We provide assurance, tax, bookkeeping, payroll, and advisory services. We work with various 501 c3 Organizations, labor unions, employee benefit plans, and entities receiving governmental funding.

We specialize in advisory services of all types. We perform regular audits, single audits, ERISA based audits, limited scope 401k audits, and reviews. If your grantor requires a financial audit of your Organization, we have you covered. 

Curious about nonprofit finances but not sure where to start? This session is designed for non-financial leaders who want to better understand how money flows through a nonprofit and how to use that knowledge to make stronger decisions. We’ll break down key financial statements – like the statement of financial position, activities, and cash flow – into plain language and explore how budgets support organizational goals. You’ll also learn how to spot financial trends, interpret surpluses and deficits, and uncover the story behind the numbers.

What does your organization’s current financial close process look like? Whether you scramble every month or feel like things run smoothly, it’s helpful to pay attention to certain key areas.

In this session, we will discuss recent and upcoming changes to accounting guidelines and regulations impacting the nonprofit industry, implications of these new guidelines, and strategies you can use now to help you prepare for what’s to come.

Disclaimer: This recording is from the 2021 Nonprofit Legal Compliance Workshop, hosted on September 15, 2021. Some laws and rules may have changed since that date.

Tony Martignetti Nonprofit Radio - "Every nonprofit struggles with these issues. Big nonprofits hire experts. The other 95% listen to Tony Martignetti Nonprofit Radio. Trusted experts and leading thinkers join Tony each week to tackle the tough issues."

Nonprofit Cost Analysis Toolkit: Six Steps to Finding the True Costs of Programs asserts that an "effective true-cost analysis accurately allocates direct as well as indirect costs across focus areas such as programs, geographic sites or particular products, allowing nonprofit leaders to make more informed decisions about strategy and funding." The guide's steps are to first determine the scope of the analysis to be conducted, g

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

The Nonprofit Finance Fund (NFF) is a national nonprofit with offices across the US which offers educational materials on nonprofit financial management. Their Fundamentals for Nonprofits offers a wealth of templates, workbooks, and self-assessment tools.

Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC

We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.

Presenter Michele Pratt, CLA, shared in-depth details about PPP loan forgiveness, including eligible costs, required documentation, who is eligible to use the EZ application, clarity on limits for both the 8- and 24-week periods, PPP Flexibility Act and the safe harbor date, and the impact on year-end financial statements. She also explored financial modeling, with discussion of the impacts from COVID-19, cash management and cash modeling, contingency plan considerations, and scenario planning.