Thorough, accurate, and transparent bookkeeping is the backbone of a well-run non-profit association. Relying on volunteers to perform these functions can be risky business as volunteer treasurers typically serve a one- or two-year term. Consider Best Association Management to work with your Board and provide bookkeeping services with reports that are needed to keep organizational missions on track.
Without clear, accurate, and timely financial reporting, organizations risk inefficiencies, compliance issues, theft, and financial instability. Best Management keeps clients on track with budgets and reports designed to give the Board a clear picture of where the Association is financially. Reports that review project areas, fundraising goals, and membership drives as well as all standard reports are provided prior to Board meetings. In addition, staff is available to meet with your Board when needed.
Best Association Management specializes in providing comprehensive non-profit bookkeeping and financial reporting to ensure your association’s financial health is in check. Bookkeeping for the Association as well as political action committee (PAC) reporting is available. Our expert team helps associations maintain transparency and efficiency and adhere to required reporting that is needed by governing bodies in your state.
Our Financial Reporting Services:
1. Bookkeeping: Keeping Finances Organized
We manage your day-to-day financial records, including:
• Recording daily transactions
• Categorizing expenses and income (including class accounting)
• Generating financial reports
Accurate bookkeeping helps prepare for audits, tax filings, and strategic planning.
2. Payroll Services: Streamlined and Compliant Payroll
We handle more than just cutting checks, including:
• Processing employee earnings, including supporting reporting like new hire, garnishments, and child support
• Payroll tax reporting
• Timely payment of payroll taxes
• Workers Comp Insurance Audit support (prep or intermediary)
Our services reduce administrative work and ensure compliance with state and federal laws.
3. PAC Services: Navigating Political Compliance
We offer services for associations involved in advocacy, including:
• PAC fund management and reporting
• Compliance with governmental regulations
• Tracking contributions and expenses
We help you meet state and federal requirements so you can focus on your mission.
4. Financial Statements: Clear Insights into Your Association’s Health
We prepare and analyze:
- Monthly Financial Reporting, including:
Profit & Loss (P&L) statements
Balance sheet
Custom accounting reports as requested
These reports give your leadership the data they need to make informed decisions.
5. Payables & Receivables: Managing Cash Flow
We help keep your cash flow steady by:
• Processing vendor payments
• Maintaining accurate records of income
• Minimizing late payments/uncollected income
Timely management boosts financial stability and credibility.
6. Reconciliation: Ensuring Accuracy
We verify your financial records through:
• Monthly bank and credit card reconciliations
• Identifying and resolving discrepancies
• Preventing fraud
Accurate reconciliations protect your association’s financial integrity.
Why Choose Best Association Management? We understand the unique challenges associations face. Our team provides:
• Industry-specific financial expertise
• Transparent, accurate reporting
• Customized solutions to fit your needs
Let’s get started! Secure your association’s financial future with Best Association Management. Contact us today for a free consultation and discover how our Financial Reporting Services can keep your association organized, compliant, and financially sound.
Focus on your mission; we’ll handle the numbers.