For nonprofits, managing finances can be a daunting task. Accurate bookkeeping, accounting, and tax filing are essential for maintaining transparency, meeting regulatory requirements, and ensuring the organization’s mission stays on course. Jitasa steps into this challenging landscape by offering specialized accounting services exclusively for nonprofits. With a focus on tailored, efficient, and reliable financial management, Jitasa empowers nonprofits to concentrate on their core mission.
Comprehensive Nonprofit Accounting Services
Bookkeeping and Accounting
Nonprofit bookkeeping involves meticulous tracking of daily transactions. This foundational process ensures financial transparency and regulatory compliance. Jitasa’s bookkeeping services are designed to handle data entry and allocate revenue and expenses accurately, setting organizations up for success in all financial management activities.
Nonprofit accounting, on the other hand, includes planning, analyzing, and reporting financial activities. Jitasa’s team of experienced nonprofit accountants sets up organizations with cloud-based accounting systems and a comprehensive chart of accounts. They handle account reconciliations, financial statement compilations, and issuance of 1099s, providing a robust framework for daily operations and long-term financial health.
Specialized Nonprofit Tax Services
Digging deep into nonprofit tax filings can be particularly challenging. Over the last 13 years, Jitasa has completed thousands of tax filings for nonprofits of various sizes and missions. Their expertise ensures that nonprofits remain compliant with federal and state regulations, allowing organizations to focus on their programs without the stress of tax season.
Client Success Stories
- Neighbor Brigade
Neighbor Brigade, based in Maynard, Massachusetts, forms volunteer-based chapters to assist neighbors facing crises such as illness, serious injury, or tragic events. They provide crucial support and resources to establish community-specific networks that offer help quickly and free of charge.
Challenges Faced
Before partnering with Jitasa in 2015, Neighbor Brigade struggled with clear reporting to their Board of Directors and managing grants and donors. The extensive hours spent on bookkeeping detracted from their ability to focus on their mission.
Jitasa’s Solution
Jitasa provided customized accounting services and annual 990 tax filings tailored to Neighbor Brigade’s needs. By proactively understanding their board meeting schedules, Jitasa ensured that all necessary reports were prepared in advance. They also adapted to employee vacations, maintaining a seamless checks and balances system.
Impact
Neighbor Brigade reported significant improvements, including:
- Clear and accurate reporting to their Board of Directors.
- A streamlined annual 990 reporting process.
- Immediate and effective responses to queries.
- Proactive support around board meetings and employee absences
- Urban Green Council
Founded in 2002, Urban Green Council works towards transforming New York City’s buildings for a sustainable future. As the New York affiliate of the U.S. Green Building Council, they study factors such as health, cost, and sustainability, collaborating with policymakers and professionals to promote sustainable building practices.
Challenges Faced
Urban Green Council started working with Jitasa in 2010, facing difficulties in managing numerous small credit card transactions and monthly reconciliations with their limited resources.
Jitasa’s Solution
Jitasa took over the end-of-month reconciliations and annual 1099 filings, working closely with the Urban Green Council’s team to save valuable time that could be redirected towards their sustainability initiatives.
Impact
Urban Green Council noted several benefits from Jitasa’s services:
- Quick and responsive support for all requests.
- A cooperative and willing-to-help attitude from Jitasa’s staff.
- Accurate and timely monthly reconciliations.
- Indiana Center for Middle East Peace
The Indiana Center for Middle East Peace, established in 2007 in Fort Wayne, Indiana, is an independent, non-sectarian center focused on educating, engaging, and fostering intercultural understanding and peace. They aim to influence U.S. policies regarding significant issues in critical global regions.
Challenges Faced
As the organization expanded, their accounting needs grew more complex with additional payroll and a longer 990 form required. The reliance on a volunteer bookkeeper was insufficient to meet these reporting requirements.
Jitasa’s Solution
Jitasa provided efficient and accurate bookkeeping and accounting services, enabling the Indiana Center for Middle East Peace to concentrate on developing new programs. Regular email communication and spreadsheets detailing transactions and coding options ensured open communication and timely responses to queries.
Impact
The Indiana Center for Middle East Peace experienced the following improvements:
- Effective and professional communication with Jitasa’s representatives.
- Consistent monthly phone conferences to verify account reconciliations.
- Effortless monthly reconciliations and yearly IRS filings.
- An accurate and smooth reporting process, allowing internal growth without time-consuming procedures.
Why Choose Jitasa?
Exclusive Focus on Nonprofits
Jitasa’s exclusive focus on nonprofit organizations means they understand the unique challenges and requirements these organizations face. Their services are designed to support nonprofits in maintaining financial health while allowing them to focus on their mission.
Customized Solutions
Jitasa offers personalized services that cater to the specific needs of each organization. Whether it’s bookkeeping, accounting, or tax filing, Jitasa’s team works closely with clients to provide solutions that fit their unique circumstances.
Proactive and Responsive Support
Clients consistently praise Jitasa for their proactive approach and responsive support. By anticipating needs and providing timely assistance, Jitasa ensures that nonprofits can navigate financial complexities smoothly and efficiently.
Streamlined Processes
Jitasa’s services streamline financial management processes, from day-to-day bookkeeping to annual tax filings. This efficiency reduces the administrative burden on nonprofit staff, freeing up time and resources to focus on core activities and mission-driven programs.
In the nonprofit sector, financial management is a critical component of organizational success. Jitasa’s specialized accounting services offer a reliable solution for nonprofits seeking to maintain financial transparency, regulatory compliance, and efficient operations. By partnering with Jitasa, organizations can ensure their financial health while dedicating more time and resources to advancing their mission. Whether it’s bookkeeping, accounting, or tax services, Jitasa’s tailored approach and exclusive focus on nonprofits make them a trusted partner in the nonprofit community.
