Financial Accounting Outsourcing for Nonprofit Organizations

Get timely payroll and reports and ongoing compliance

 

There are a lot of complexities about managing a nonprofit; we get it! We have significant expertise in working with Community Action Programs, Head Start organizations, Workforce Investment Act organizations, and various other grant-funded nonprofit organizations. You have compliance and reporting requirements from federal and state departments, along with reports needed for your governing board, Affordable Care Act reporting, payroll processing, financial oversight…the list goes on and on! The degree of complexity requires patience, precision, and a lot of time and effort. Wipfli can help ease the stress and provide the assistance and oversight you need to ensure timely payroll and reports and, most important, ongoing compliance.

Virtual Accounting

Providing support to your finance department requires a system capable of complex “fund accounting,” meaning you have funding coming in from all different sources and have to be able to allocate costs specifically to those funds, as well as report back to those funders accordingly. Abila MIP Fund AccountingTM is the most recommended accounting software among the nonprofit community. Simply put, nonprofit organizations using Abila MIP Fund Accounting today would recommend it to their peers. We suggest utilizing the Abila MIP Fund Accounting system for any ongoing administrative support. From there, we can help you process and pay checks, allocate costs, and perform other functions. Services available:

  • Processing and payment of vendor bills
  • Preparation and mailing of customer invoices
  • Lockbox services for customer payments
  • Cash management support through the use of projected cash flow tools
  • Preparation of sales and use tax returns
  • Fixed asset maintenance
  • Reconciliation of bank and credit card accounts
  • Preparation of financial reports
  • Annual 1099 reporting
  • Analysis of financial results
  • Proactive advice

 

Virtual CFO

Wipfli takes the stress away from accounting, with innovative, client-focused, outsourced financial accounting services. From reconciling accounts to preparing financial reports and providing financial analysis and advice, Wipfli manages your accounting function with expertise and commitment. By utilizing Wipfli as your virtual CFO, your organization will realize the following benefits:

  • Expertise at a lower price compared to a full-time employee
  • Ability to change pricing based on needs
  • Enhanced internal controls and fraud protection
  • Isolation from employee turnover
  • Reduced training costs
  • Reduced technology costs
  • Gain of best practice methods

 

Virtual Payroll

No matter how simple or complex your organization’s payroll needs are, Wipfli’s nonprofit experts tailor a solution to fit your organization’s needs. Outsourcing your payroll can allow your staff to focus on achieving your organization’s mission rather than the routine task of preparing payroll, realizing greater efficiencies and savings. Wouldn’t it be nice to let us handle your payroll so you can do even more within your community? Wipfli can assist your organization with all payroll activities including:

  • Payroll preparation
  • Direct deposit
  • Timekeeping systems, clock and Web based
  • Federal and state tax deposit compliance
  • Monthly upload compliance
  • Quarterly payroll tax return filing
  • Retirement plan reporting and filing

Our services include a computerized payroll preparation and recordkeeping system that incorporates every aspect of the payroll process and provides prompt, accurate reporting. Retirement plan and other employee benefits reporting is also made easy using Wipfli’s recordkeeping system. Our payroll services are customized and flexible to handle all or part of your organization’s payroll needs.

And no more worrying about compliance issues—we’ll handle all your payroll tax filings and fulfill your payroll reporting requirements.

 
Featured Expertise


Karl A. Eck, CPA

Karl is a senior manager in Wipfli’s Nonprofit and Government Practice Group with 13 years of grant-funded nonprofit auditing experience. His primary focus has been serving community action agencies, HS programs, and various other grant-funded nonprofit organizations. With Karl’s experience, he is able to provide clients with unique viewpoints based on observing the practices of many different organizations throughout the nation. He is licensed as a certified public accountant in Wisconsin.

 

Head Start Governance Tool Kit login:

User ID: 
Password: 
Create Account
Trouble Logging In?
 
 

Contact Us!

"Uniform Guidance” Training Workshops
The Uniform Guidance is here, and this means big changes for your organization. Be ready!
 
Join us to learn about the regulations and, more importantly, how to implement them in your organization. Upcoming training workshops include:
 
Discounted training rates end soon—register today and be prepared!

Solutions Built for You

Order Form and Sample Request

Order Form

Download our Free Sample RFPs: