• Non-Profit Accounting


    Non-Profit Accounting involves the design and implementation of a system for documenting and evaluating the financial dealings and financial condition of a tax-exempt organization. Non-profit organizations in the U.S., including community organizations, child daycare centers, colleges and universities etc., are subject to heavy scrutiny.

    One of Daniel Jones & Associates primary specialty areas is providing audit, accounting, and consulting services to charitable and not-for-profit clients. Daniel Jones & Associates recognize the unique challenges faced by these organizations, including changing and more prescriptive regulations, and the realities associated with competing for limited funding dollars. Daniel Jones & Associates also recognize that if you are a charitable or not-for-profit organization, you want to focus your energies on your primary mission and what it takes to fulfill that mission.

    Daniel Jones & Associates can assist you in coping with these challenges while maintaining focus on your primary mission. Daniel Jones & Associates can help you learn how to use your limited resources as efficiently as possible, and show you the benefits of running your financial operations like a business.

    Non-profit corporations that spend over $750,000 per fiscal year in federal funds are required to have a single audit. Single audits are required by the Federal Government for entities that spend more than $750,000 in federal award money. These audits are submitted to the Federal Audit Clearinghouse (FAC) for distribution to the multiple agencies which fund the entity's expenditures. Single audits require additional examination to assure the agencies that the money was spent according to the rules of the award. The federal government has stringent requirements that are exclusive to not-for profits that are not related to the reporting required by commercial firms.