Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements & Tax returns Starting From $ 10 Per Hour for Non-governmental organizations (NGOs) and Social welfare organizations

Part Time / Full Time Resources For

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Years of Success

7 +

Completed Projects

1100 +

Hours of Experience

250 k+

Accounting Software Used

20 +

We Serve in 52 States Of USA

52 +

Bookkeeping software expertise

saasu

intuit QuickBooks

netsuite

wave

Freshbooks

odoo

Xero Gold Partner

zoho books

simply accounting by sage

yendo

Explore Our End-To-End BookKeeping Services/

Why are we the 1st choice of US Businesses for Accounting & Tax Return Preparation

Starting from

US $10 Per Hour Bookkeeping service

Why are we the 1st choice of US Businesses for Accounting & Tax Return Preparation

Cloud AddOns Expertise

Focus on growing your business with our cloud-based accounting and bookkeeping solutions. Our cloud-based accounting services eliminate the need for time-consuming paperwork and data entry, allowing you to streamline your business. With cloud accounting, you get to access your financial data anytime and anywhere.

Bookkeeping and Accounting for Non-Profit Organizations in the US.

Bookkeeping and accounting play a critical role in the financial management of non-profit organisations in the US. As non-profits operate with a mission to serve the public interest, their economic activities require specialised attention and compliance with regulations specific to the non-profit sector. Effective bookkeeping and accounting practices ensure transparency, accountability, and proper utilisation of funds.

Non-profit bookkeeping and accounting follow principles similar to those in for-profit organisations but with additional considerations. Accrual accounting is commonly used to track revenues and expenses as they are earned or incurred, regardless of cash flow. This method provides a comprehensive view of the organisation’s financial activities.

Not-for-profit organisations do not have business proprietors, and thus, they depend on reserves from commitments, participation contributions, program incomes, money-raising occasions, open and private awards, and venture salaries.

Here are some key aspects to consider for Non-profit organisations:

Grant and Donation Tracking:

Non-profits heavily rely on grants, donations, and contributions. Accurate tracking and recording of these funds are crucial, ensuring they are used following donor restrictions and reporting requirements.

Taxability of the donation received: 

It looks at all their yearly contributions. Non-profit organisations must record the gifts they take in and from whom they accept. However, non-profits are exempt from paying income tax, except for a few rules for property income or capital gains.

Restricted and Unrestricted Revenue:

Non-profits often receive denied (designated for a specific purpose) or unrestricted (not limited to a particular user). Bookkeeping and accounting should properly differentiate and track these revenue categories.

Unrestricted commitment incomes:

 If the giver does not express the reason for commitment, it will come under unhindered commitment incomes.

Temporarily restricted net assets:

If the giver explicitly states the donation's use, it would go under temporarily banned net assets.

Permanently restricted net assets:

These donations are those the receiver can never use in perpetuity.

Expense Allocation:

Non-profit organisations must allocate expenses accurately among various programs, administration, and fundraising activities. This ensures transparency and allows stakeholders to assess the organisation's resource efficiency and effectiveness.

Accounting for Expenses:

Expenses vs Expenditure done- Accounting of the costs done for the long run that can be encashed, and the cost incurred to meet everyday and current financial needs of the business, generally for a short term, is dealt with.

Here are some tips for non-profit organisations to keep their bookkeeping perfect:

What are the benefits of bookkeeping and accounting
for non-profit organisations
in the US?

How can Meru Accounting help in Bookkeeping in Non-profit organisations?

Our team of experienced professionals offers tailored solutions to meet the specific needs of non-profit organisations regarding bookkeeping and accounting.

Our comprehensive bookkeeping services cover all aspects of non-profit accounting. Our experts will assist you in establishing a well-organized chart of accounts, ensuring accurate categorisation and tracking of revenues, expenses, and funds. For programs, grants, and donations, we understand the importance of segregating funds for different purposes, and we will help you maintain separate accounts to track and report on fund utilisation accurately.

With our expertise in accrual accounting, we will ensure that your financial transactions are recorded promptly and accurately, clearly representing your organisation’s financial position. Regular bank statement reconciliation will ensure discrepancies are identified and all transactions accounted for.

Considering donor restrictions and compliance requirements, Meru Accounting will help you develop systems for tracking and recording grants, donations, and contributions separately. Your stakeholders, board members, and grantors will also benefit from the timely and accurate financial reports that we provide.

The financial management tasks can be outsourced to Meru Accounting so that you can concentrate on your organisation’s mission. We will ensure compliance with IRS regulations, assist with tax filings, and help you stay abreast of the latest accounting best practices for non-profit organisations.

We are committed to supporting non-profit organisations to maintain accurate and efficient financial records, enabling them to thrive and fulfil their mission transparently and accountable.

Our team of experienced professionals offers tailored solutions to meet the specific needs of non-profit organisations regarding bookkeeping and accounting.

We are committed to supporting non-profit organisations to maintain accurate and efficient financial records, enabling them to thrive and fulfil their mission transparently and accountable.

Conclusion

Bookkeeping and accounting are essential for the success of non-profit organisations in the US. It helps them track their financial transactions, report to regulators, and make informed decisions about their operations. By outsourcing these services, non-profits can benefit from the expertise of professional accountants who can provide timely and accurate financial information.

Outsourcing bookkeeping and accounting services is a cost-effective option for small non-profits that need help to afford an in-house accountant. It allows them to focus on their core mission while leaving financial management tasks to experts.

By implementing good bookkeeping practices, such as maintaining accurate records and reconciling accounts regularly, non-profit organisations can build trust with donors and beneficiaries. They will also be better positioned to secure funding from government agencies or private entities.

Therefore, if you run a non-profit organisation in the US or plan on starting one soon, consider the importance of proper bookkeeping and accounting practices. Consider outsourcing these services to Meru Accounting today to reap all the benefits discussed above!

Hiring Virtual Accountant With Meru Accounting

Why should I choose Meru Accounting for outsourcing bookkeeping services?

Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.

We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.

Help you with switching from your traditional software to Xero and Quickbooks.

We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.

How will outsourcing help my business?

When you choose to outsource your accounting work with us, it benefits you in the following ways:

1. Cost-saving
2. Access to skilled and experienced professionals
3. Better management of books of accounts
4. Decreased chances of errors
5. Improve business efficiency
6. De-burdens in-office employee’s dependency
7. Better turnaround time

How will I share my data with Meru Accounting?

We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.

Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.

What if I work on different accounting software than Meru Accounting work on?

Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.

Where do I contact in case of any confusion?

Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.

How much Meru Accounting charge for bookkeeping services?

We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.

What does Meru Accounting do to secure data of its clients?

We take certain preventive measures to secure your data, like:

Cyberoam Firewall to prevent any kind of foreign threat.
Dual-step authentication
Implement anti-virus
Limit user access so that login details are with a few people.

What are the accounting software’s Meru Accounting work on?

Meru Accounting work on some of the best accounting software’s like:

Xero
Quickbooks
Netsuite
Saasu
Wave
Odoo

Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.

How can I book for a free trial?

To book for trial, call us on our numbers or Please fill out the form here.

Our Work Information

What qualifications and professional memberships do you hold?

We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.

What is your Work Methodology?

For information visit our work methodology page.

Do you have suggestions to make my Bookkeeping procedure stronger?

We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.

Australian references including business name, contact name, email and phone number.

We can provide to you once we move ahead in our interview.

Why are you an MYOB expert?

We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.

Have you managed payroll on XERO before?

Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.

What is GST?

Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.

What is BAS?

Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.

How often does business submit BAS?

BAS is generally required to be filed quarterly by various businesses.

Individual Business Owners

Can the Owner of the Business file the tax return on his own ?

Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.

Is it mandatory that Tax return can be prepared by only CPA’s or EA in USA ?

No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.

Do Meru Accounting have the authority to file the Tax return ?

We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.

Why Prices of Meru Accounting are so less compared to CPA’s in United States:

Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.

What type of Quality is Expected from Meru Accounting?

Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.