Nonprofit Accounting: Simplified

Resources and expertise to start, grow and protect your nonprofit organization

We'll maintain your books in accordance with Generally Accepted Accounting Principles (GAAP) and your internal accounting polices. Every transaction will be recorded, dated and coded weekly so nothing falls thru the cracks. Virtual document management increases efficiency and decreases clutter by capturing documents and receipts digitally and maintaining those documents securely in the cloud.

• Weekly or monthly bookkeeping

• Cloud based accounting software

• Virtual document management

• Monthly financial reports

Budgeting & Projections

• Operating budget prep

• Program budget prep

• Personnel budget development

• Cash flow projections

• Audit preparation

• Grant reporting

• Program cost allocation

• Accounting system design and development

• Internal controls design and development

• Software and technology consultation

• Paperless A/P processing

• Secure bill payment to your vendors

• Pay bill electronically

• Full audit trail

Paperless Accounts Payable

TCFS is a Bill.com certified firm and we leverage Bill.com to provide a streamlined, standardized, transparent, controlled and paperless accounts payable system. We'll setup your Bill.com account, enter bills, manage vendor files and process payments for bills you approve. Bill.com will pay the vendor electronically or via paper check. Our firm will never have access to your cash or online banking details.

Payroll Processing

Compliance with payroll tax and employment law is mandatory. Failure to file payroll taxes or file returns will result in stiff fines, penalties, levies and judgments. Tullis Consulting & Financial Services LLC will calculate payroll, prepare W-2s, file payroll tax returns and remit tax payments. Click here to learn about our payroll services.

• Full payroll processing

• Electronic tax filing and tax payments

• Direct deposit payments or paper check

• Health insurance, 401k & workers comp support

Startup

• Form 1023 Application for 501(c) Tax Exemption

• Incorporation & business registration with state gov

• Federal Tax ID application

• Sales tax exemption application filing with state gov

Taxes & Compliance

• Form 990/990Z filing

• State Charities Division compliance reporting

• Unrelated Business Income Tax (UBI) return prep

• Annual report filing with state gov