Bookkeeping for Not-for-Profit
We will do your books
so you focus on your cause
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Bookkeeping Services for Not-For-Profit (NPO)
Accurate and timely bookkeeping services for Not-for-Profit (NPO) society. In order for Non-Profit organizations to succeed, reliable financial statements are essential to stay on budget. CNC offers services specifically for NPOs, to target the members’ needs while staying in compliance with regulatory changes. Our services range from CRA information reports such as registering a charity, to various financial statements, listed below.
Services
- Full Cycle Bookkeeping Services for NPO using Fund Accounting
- Manage Receivable, Grants and Donations
- Bank Account Reconciliation
- Preparation of GST Return
- Preparation of Gaming Grant Report
- Preparation of Payroll & WCB
- Maintain Detailed General Ledger
- Not-For-Profit Bookkeeping
- Monthly Budgeting and Preparation of Board Reports
- Preparation of adjusted Trial Balance
- Preparation of Revenue over Expenses Reports
- Maintaining Fixed Asset Schedules
- Cloud Computing Including; QuickBooks Online, Simply Accounting, Wave Accounting, Xero, and Freshbooks
- Hands-On Training for Simply Accounting, Sage 50, QuickBooks Premiere and Enterprise Version
Types of Reporting
- Compilation engagement (Notice to Reader)
- Reviewed financial statements
- CRA audit representation
- Monthly Management Reports by Funds
- Monthly Budget Reports by Funds
Compliance Reporting
- T3010 Registered Charity Information Return
- T1044 Non-Profit Organization (NPO) Information Return
- T2050 – Application to Register a Charity Under the Income Tax Act
- Monthly Payroll PD7a Preparation and Filing
- Quarterly WCB Preparation and Filings
- GST/HST Preparation and Filings
What Our Clients Are Saying About Us
"Nafees and his professional team have provided me with a broad range of services to help manage my small business for the last ten years including recent support through the sale of the business to new owners. I found the quality of his services to have been excellent and it was always reassuring to have Nafees' providing advice and guidance, virtually as a partner with me, as the business grew. I continue to use his services for my personal financial matters."
Glenn Quarrington
Owner (Ex VP of BestBuy)
Recently Coastal Sound Music Academy found themselves looking for a new accounting firm to perform an annual review engagement. There were the usual issues to consider when deciding on an accounting firm; experience with non-profit accounting and reporting requirements, price, the willingness to assist with various federal and provincial filings if necessary and provide advice on financial issues that might arise from time to time. Nafees Chaudhry and his firm CNC Chartered Professional Accountant certainly met these criteria but in addition, Nafees was genuinely interested in our organization. He took the time to understand what our organization did, what our goals were, what we did on a daily basis to accomplish those goals and what we were expecting to accomplish in the future. When an accounting firm can provide all the necessary professional expertise, an excellent price structure and a genuine interest in our organization, the decision was easy to make. Thank you Nafees
Shirley Reeve
Coastal Sound Music Academy Society
Nafees and his team is fantastic! I have multiple corporations and working with Nafees since 2012. Nafees is great in explaining things in easy plain terms and taking away the stress related to bookkeeping and taxes.
The entire team at CNC has taken the time to get to know us on a personal level, which most other accounting firms ignore. It is not just all business with CNC, there is a sincere passion for wanting me to grow as a business.
He also discusses matters outside of the accounting scope to make my business profitable which shows Nafees’ knowledge about the business and the industry as a whole.
They are also very prompt in responding to my questions. I am very pleased with them and recommend Nafees for all types of business-related accounting, bookkeeping and, tax work.
Shawn
Globe Shields