One of the biggest struggles nonprofits face is getting financial statements that enable trustworthy decision making and ensuring compliance. Purple Margins advises nonprofits on all aspects of finance—from setting up financial systems all the way to board advisory.
Our Nonprofit Finance Services
Nonprofit Financial System Setup
The only way you can meet your financial reporting and compliance needs is to ensure that QuickBooks (or your system of choice) is set up properly. Otherwise you run the risk of generating inaccurate statements, leading to unintended consequences. Purple Margins will ensure that your nonprofit requirements, like grant reporting, restricted funds, and functional expense reporting, are delivered accurately and on time.
Nonprofit Virtual CFO
Get regular, skilled reviews of your financial statements; tailored guidance on financial planning and budgeting; and assistance in ensuring compliance. Purple Margins uses a consultative approach with simple and clean dashboards to understand your nonprofit’s financial situation.
Nonprofit Bookkeeping
No more confusing and endless struggling with QuickBooks, and no more chasing volunteers to ensure statements are on time for board meetings. Purple Margins provides regular bookkeeping with process technology to ensure that you always have up-to-date financial statements at your fingertips.
Compliance Check Up
Your nonprofit still has significant compliance requirements despite certain usual tax exemptions, including 990s, payroll withholding, and state filings. Purple Margins reviews your work and ensures that all necessary documents are correctly filed. We put you on track, and keep you on track!
Don’t wait. Talk to our nonprofit finance specialists today.
Our Viewpoint
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Nonprofit Accounting: 990 Functional Expense Breakdown in QuickBooks Online
Nonprofits are required by the IRS to provide a breakdown of their functional expenses in their yearly 990. Learn how to create this breakdown in QuickBooks Online.