Neyman’s nonprofit bookkeeping understands that the IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it’s imperative that you build your bookkeeping system around these revenue and expense classifications.┬áHere’s what we do for you:

  • Review and compile your financial statements
  • Design, install and maintain your bookkeeping system
  • Provide weekly, bi-weekly or monthly payroll preparation
  • Payroll tax preparation and deposits
  • Provide training for your bookkeeping personnel
  • Provide your board with training on nonprofit financial statement usage and effective budgeting practices
  • Prepare and file the 990 and 990T tax forms

Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items:

  • Income statement with very specific revenue and expense categories such as donations, salaries, postage, rent, etc.
  • Balance sheet with specific categories such as cash, accounts receivable, accounts payable, etc.
  • Functional expense statement with all the expenses allocated to either program services, fundraising or operations
  • Individual program expense statement that reports all of the expenses for each program or service like seminar programs or educational mailings
  • Revenue support schedules that detail the organization’s sources of income in specific categories such charitable donations, membership fees, investment income, etc.


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