Upland, California (PressExposure) March 26, 2012 -- JD Accounting Solutions was established to assist nonprofits in developing sound financial practices that will assist them in the planning, measurement, and control of their organization's operations. Our technical, financial and analytical skills, along with our expertise in nonprofit accounting, will ensure that nonprofits are in compliance with laws, regulations and financial reporting requirements of funding agencies.
We believe that sound financial systems and practices comprise the foundation of healthy organizations by sustaining the programs and the staff needed to provide quality services. They also serve as an overall reflection of the organization to present and future funders, allowing for continued growth and expansion. In developing sound financial practices, organizations need to be able to rely on accurate financial data and know that funding compliance requirements are being met.
Because JD Accounting Solutions specializes in nonprofit accounting, we are knowledgeable of the unique recordkeeping requirements that are not typically imposed upon "for-profit" companies. Therefore, JD Accounting Solutions can help Nonprofits develop financial practices that are tailored to fit the specific needs of their Organization by offering services that include: Posting financial transactions to appropriate ledgers; Preparing monthly financial statements; Preparing depreciation schedules; Developing cost allocation plans; Preparing monthly allocation reports; Preparing monthly budget variance reports; Reconciling bank statements; Preparing annual cost reports; and Preparing IRS 990 tax forms. In addition, our financial recordkeeping practices are in line with OMB Circular No. A-122 regulations.
According to Cheri Dohnal, an eHow Contributor, "Non-profit organizations (NPOs) have a special set of accounting rules that do not apply to other businesses. They answer to the government, like everybody else does, but they also answer to granting agencies, boards of directors, and often several additional layers of government that other businesses don't." Consequently, the need for Accountants specializing in nonprofit accounting services is a definite necessity for nonprofits wanting to thrive and succeed.
In summary, the mission of JD Accounting Solutions is to provide a full-range of accounting services to Nonprofit Organizations, with an emphasis on ensuring the Organization's compliance with contract, grant and governmental regulations. In doing so, we will safeguard organizational assets by delivering accurate, relevant and meaningful financial information, in the most efficient, effective and timely manner possible.