An annual budget is an important tool in assessing your organization’s current financial health and guiding future planning. The budgeting process is best conducted by a group of people that are familiar with the operations of your organization. They will build a timeline and begin researching and reviewing previous years’ income and expenses to help determine needs in the upcoming year. The budget team generally consists of senior staff, finance committee members, and ideally the expertise of an accountant who has previously built a nonprofit budget.
Accountants Specialized in Nonprofit Budgets
Our accountants at Numbers 4 Nonprofits are experienced in building annual budgets and understand the intricacies of creating a nonprofit budget that will ensure fiscal accountability as well as drive your organization’s mission forward.
We work with our clients to:
- Develop their budget timeline
- Determine program goals within their budget
- Highlight current financial status
- Estimate expenses and income based on previous years’ trends
- Review draft budget with key players prior to board approval
Budget Accounting Accuracy
Deciding whether various income and expense activities are mission-driven is one way Numbers 4 Nonprofits’ accountants add budgeting value to our nonprofit clients. From understanding the importance of properly assessing tax exemption nuances to confirming restricted contributions are properly accounted for on your Form 990 filing, our accountants have the expertise to help guide the financial operations of your nonprofit.
Learn more about our suggestions for proper nonprofit budgeting and contact us for more information on this service and others we provide for our nonprofit clients.