Financial Technologies & Management- E-Newsletter for December |
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Upcoming Live Webinars Dear {CONTACT.SALUTATION} We hope you find our monthly E-Newsletter useful for your nonprofit organization. We are pleased to provide you with access to our knowledge articles and live webinars!!
Jeron and I are excited to share MIP Conference important insights. Click here
These live webinars will help Nonprofit Leaders, Treasurers, Finance Directors, Finance Staff, Executive Directors and other Nonprofit Staff.
Our upcoming live webinars for financial management training are broken into the following areas: Nonprofit Financial Forum, Nonprofit Finance Certificate, MIP Fund Accounting, and Financial Management Training. -
Nonprofit Financial Forum-We have completed our monthly forums for 2024. We are developing our monthly topics for 2025 so please let us know what topics you would like us to cover
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MIP Fund Accounting-We have completed our quarterly User Group Meetings for 2024. We are developing our quarterly topics for 2025 so please let us know what topics you would like us to cover. Also, we will be adding year end training courses for December and January so please check out MIP training page for the latest course offerrings. Also, we provide customize training for your organization so please contact us to develop a custom program to meet your needs.
Please contact us via phone, email, or directly book a consultation on my calendar for all current and prospective clients. Also, you can use the contact us page to subscribe to our newsletter for you, your staff, or your colleagues. Please click here for the current and previous monthly newsletters back to 2020. Best Regards, James Simpson, CPA, CFE, CITP, and CGMA. |
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Year End Accounting Checklist |
Our firm can provide you with a financial assessment tailored towards the people, processes and technology that will help your organization make improvements to strenghten its internal processes and controls, improve segregation of duties, evaluate accouning staff and software, and determine where risks exists and how to mitigate them. We can help you implement this year end accounting checklist to ensure you are ready for your annual audit or review. Also, we can help you update your financial policies and procedures manuals as this usually the best time of the year to make these revisions as well.
The year end accounting checklist includes: - Bank and Credit Card Accounts
- Investment Accounts
- Fixed Asset Accounts
- Prepaid Accounts
- Accounts Payable Accounts
- Other Liability Accounts
- Net Asset Accounts
- Revenue Accounts
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Expenses Accounts
- W2 and 1099 Reporting
- Grant Compliance
- Audit Preparation
The full blog provides the comprehensive checklist. |
| Employers must file wage statements and independent contractor forms by Jan. 31st.
Certain Forms 1099-NEC, Nonemployee Compensation, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 1 of this form.
The early filing date means that the IRS can more easily detect refund fraud by verifying income that individuals report on their tax returns. Employers can avoid penalties by filing the forms on time and without errors. The IRS recommends e-file as the quickest, most accurate and convenient way to file these forms.
Hopefully, you collected your W-9 forms from independent contractors to whom you paid $600 or more this year. The information on W-9’s can help you compile the information you need to send 1099-MISC and 1099-NEC to recipients and file them with IRS. Here is a link to the Form W-9 that you would need to request your contractors and vendors to complete.
Please contact us for our 1099 tax preparation services which includes at least two meetings for the planning and the actual tax form production prior to the deadline.
Please click the full article for the 1099 preparation guide. |
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Our firm has grown because of strong client relationships with referrals from our clients and other referral partners. Our staff is very experienced at performing the accounting function for our clients. Our nonprofit accounting services includes bookkeeping, accounting, controller, and CFO services. Our nonprofit software accounting software expertise be composed of QuickBooks Online, MIP Fund Accounting, Microix, and Sage Intacct. Our nonprofit software services comprise software assessments, sales, data conversions, implementations, training, support, and project management services. Our financial management training consists of our monthly news letter, nonprofit financial forum, MIP user group, and other training.
Our approach is to work with you to determine how your organization can best benefit from our professional services. We realize that organizations don't have the resources to have a full accounting staff, so we focus on filling the accounting staffing gaps. We deliver quality accounting, bookkeeping, advisory, and tax services to ensure you have everything you need to make a significant impact for your cause. Our firm provides the most experienced staff at affordable rates.
Please click on the find out more for the full article and staff member links |
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2024 MIP User Conference Follow Up |
We provide software advisor services to our MIP clients. Our system review services provide recommendations on how your organization can better leverage the software. Please click here for our MIP Training page and look for our customized courses which includes all the modules training available from community brands university and more. We are excited to expand our software advisory services by offering a client care plan for our MIP and Microix clients.
Jeron and I were pleased to once again present and exhibit at the MIP User Conference in Las Vegas from October 8th to October 10th to over 450 attendees. In addition to providing MIP software advisory services, we provide accounting services to provide a comprehensive solution to the Nonprofit Community. Our training include MIP software and a CFO track which included Audit Readiness, Better Budgeting, Developing Dashboards, Grants Management & Cost Allocations, and Financial Leadership & Governance.
We enjoyed presenting and sharing information and ask that you stay in touch for our free financial assessment & financial management training that we provide throughout the year. Please contact us to schedule your free financial assessment and MIP User Conference Follow Up. |
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