RL Accounting Services, LLC is a local accounting firm with significant experience in performing bookkeeping accounting services for the nonprofit community. Most of our clients are 501c3 charitable organizations and 501c6 trade associations. Many accounting firms dabble in nonprofit accounting services as a solution to off-season staffing challenges.
Helping nonprofit organization is what we do. Our client relationships are built on high quality services delivered in a timely and responsive manner to assure good financial management. Being a small firm, we can ensure providing a high-quality product with a strong emphasis on personal services and attention to the specific needs of each client.
Helping nonprofit organization is what we do. Our client relationships are built on high quality services delivered in a timely and responsive manner to assure good financial management. Being a small firm, we can ensure providing a high-quality product with a strong emphasis on personal services and attention to the specific needs of each client.
Services
Because of the difficulty in evaluating the complexity of some organizations with a short questionnaire, the range provided by this tool is not guaranteed to be the final pricing for your organization. We do believe, though, that for the majority of organizations this tool will reflect an accurate estimate of your pricing.
We have been critical partner to nonprofit organizations for over 20 years. During our practice we have gained extensive knowledge on how to solve a large range of issues that impact accounting departments of nonprofit organizations. Your accounting department is not able to provide you with the critical information you need to make decisions.
There are many reasons, but all will lead to an important advantage: allowing you to focus on your organization mission and let seasoned professionals worry about the numbers. Reduction of risk of accounting record inconsistency due to employee's turnover, a fundamental step to ensuring best independent audit reports.
Is your organization fully prepared for impending financial statement changes, new lease accounting standard and new revenue recognition standards? All not-for-profit organizations are required to implement these new standards, but many are unsure how to apply them to the organization's financial accounting and reporting.
In determining if the contract is an exchange or a nonexchange transactions we need to determine who receives the benefit. If the benefits are received by a specified third party and the third party is not a customer of the Non-profit or if the benefits are received by the general public, then it's a NONECHANGE transactions and follows topic 958-605.
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