Expert NPO Accounting
Services in Ottawa & Ontario
Transform your nonprofit’s financial management with our specialized NPO accounting services. We take care of everything, from NPO accounting for donations & grants to compliance reporting, so you can focus on your mission. As reliable nonprofit accountants near you, we offer the expertise and peace of mind your organization needs.
Expert NPO Accounting
Services in Ottawa & Ontario
Transform your nonprofit’s financial management with our specialized NPO accounting services. We take care of everything, from NPO accounting for donations & grants to compliance reporting, so you can focus on your mission. As reliable nonprofit accountants near you, we offer the expertise and peace of mind your organization needs.
Your Trusted Partner in Nonprofit Financial Excellence
At Priti Lad Professional Corporation (PLPC), we know running a nonprofit takes more than just good intentions; it requires solid financial management.
Our specialized accounting services for NPO organizations offer more than basic bookkeeping; we deliver strategic insights that drive your mission forward.
Why Choose Our NPO Accounting Services?
In-depth knowledge of nonprofit accounting Ontario regulations, and CRA compliance
Periodic payroll procA solid history with a variety of nonprofit organizations throughout Canadaessing
A proactive approach that addresses issues before they arise
Instant financial insights that enhance your decision-making process
NPO Accounting for
Donations & Grant Management
Get a handle on donor compliance and grant requirements with our friendly NPO accounting for donations services.
We make sure every dollar is tracked, allocated, and reported in line with donor wishes and regulations.
What We Handle:
Tracking individual and corporate donations
Managing restricted and unrestricted funds
Grant compliance and reporting
Processing donation receipts and CRA compliance
Filing annual T3010 forms
General NPO Accounting Questions
What is NPO accounting, and how is it different from regular business accounting?
NPO accounting is all about managing funds, respecting donor wishes, and following charitable rules instead of chasing profits. It involves specific reporting needs, tracking grants, and showing accountability to donors and organizations like the CRA.
What financial records must nonprofits maintain in Canada?
Canadian nonprofits need to keep a close eye on their finances by holding onto detailed records. These should include receipts for donations, expense tracking, and fund accounting records. They should also hang onto minutes from board meetings where financial decisions are made, plus their annual financial statements. The CRA requires these records to be kept for a minimum of six years.
How should nonprofits handle restricted vs unrestricted donations?
Donations with strings attached need to be kept separate and used exactly as the donor said. On the other hand, unrestricted donations can go wherever they’re needed. Keeping track of everything accurately is key to staying true to the donor’s wishes and maintaining trust with them.
What are the annual reporting requirements for Canadian nonprofits?
Canadian nonprofits need to file annual returns with the CRA and keep their books and records in order. They also need to issue donation receipts correctly. Depending on their revenue and where they’re based, they might need to file extra reports.
When should a nonprofit consider getting audited financial statements?
Nonprofits should think about getting audited statements in certain situations. These include when funders demand them, when annual revenues cross a certain line, when applying for big grants, or when being transparent and credible with stakeholders really matters.
Accounting services Questions
Why should I choose Priti Lad Professional Corporation for my nonprofit's accounting services for NPO needs?
Priti Lad focuses on NPO accounting and knows Canadian regulations, CRA compliance, and donor reporting inside and out. We take a hands-on approach, becoming part of your team to offer strategic insights that fit your organization’s mission while keeping you compliant.
How can Priti Lad Professional Corporation's outsourced accounting services for NPO save my organization money?
Our outsourced accounting services for NPOs let you avoid the costs of full-time accountants or CFO, reduce mistakes that could lead to penalties, and tap into specialized nonprofit expertise without extra expenses. Many clients save 30-50% compared to maintaining in-house accounting teams.
What nonprofit accounting Ontario software does Priti Lad Professional Corporation use?
We use cloud-based accounting software made just for nonprofits, featuring fund accounting capabilities, donation tracking, and grant management tools. This gives you real-time access to your financial data and smooth reporting for your board and funders.
How does Priti Lad Professional Corporation ensure compliance with CRA regulations for nonprofits?
We’re on top of all the CRA requirements for nonprofits, including T3010 filings, donation receipts, and yearly reports. Our team keeps a close eye on your compliance, so you can stay registered as a charity and avoid fines.
Can Priti Lad Professional Corporation help with both donation tracking and grant management?
Absolutely! We focus on keeping track of donations, meeting grant requirements, and managing restricted funds. Our systems make sure funds are used as intended by donors and required by grants, giving your stakeholders the transparency and accountability they expect.
Our systems are designed to ensure funds are allocated correctly, so you can be transparent and accountable to those who matter.
Focus On Your Mission We'll Handle The
Accounting Complexities
Get a free consultation and we’ll create a personalized plan that’s just right for you. We’ll get you set up quickly and provide ongoing support to keep your finances on track. Take the first step and let’s get started.