NPO Financial Statements & Specialized Bookkeeping
Maintain impeccable transparency and donor trust. We prepare tailored NPO Balance Sheets, Income & Expenditure Statements, and Cash Receipts & Payments reports.
Scope
What's included
- Preparation of NPO Balance Sheet reflecting corpus funds, assets, and liabilities
- Income and Expenditure Statement illustrating operational performance and grant utilization
- Receipts and Payments Statement tracking cash inflows and outflows
- Comprehensive bookkeeping and ledger classification on accounting software
- Grant-wise, donor-wise, and project-wise fund accounting segregation
- Preparation of asset registers and statutory audit readiness files
How it works
Our process
- 1
Data Collection
We gather bank statements, donation receipts, grant agreements, bill vouchers, and payroll records.
- 2
Ledger Classification
We record and classify transactions into restricted funds, unrestricted funds, and corpus contributions.
- 3
Statement Generation
We generate financial statements adhering to NPO accounting standards and statutory formats.
- 4
Executive Review
We deliver final financial packages ready for auditor certification and board presentation.
Be prepared
Documents you'll need
Scanned copies or clear photos are fine. We'll confirm the exact list for your case in the first call.
- Bank account statements for all NPO operational and FCRA bank accounts
- Donation counterfoils, grant sanction letters, and receipt vouchers
- Expense bills, salary sheets, project expenditure vouchers, and vendor invoices
- Previous year's audited balance sheet and trial balance
FAQs
Common questions
Why do NPOs need specialized accounting instead of standard corporate accounting?
NPOs operate under fund-based accounting. Grants must be tracked against specific project objectives, corpus donations must be isolated, and statutory income tax rules (Section 11 85% utilization rule) must be monitored closely. Standard commercial accounting cannot handle these regulatory requirements.
What financial statements are mandatory for Trusts, Societies, and Section 8 NPOs?
Charities must prepare three core statements: Balance Sheet, Income & Expenditure Statement, and Receipts & Payments Statement, along with detailed notes on corpus funds, restricted grants, and asset schedules.
Related
Clients often pair this with
ITR-7 Tax Filing
Fulfill annual tax compliance and protect your tax-exempt status. We handle accurate ITR-7 filing, Audit Report Form 10B/10BB, and Section 11 accumulation planning.
NPO Annual Compliance
Keep your non-profit organization fully compliant with statutory authorities. We handle Section 8 ROC filings (AOC-4 IE, MGT-7A), Trust & Society annual returns, trustee changes, and governance reports.
Charity Registrations
Form your non-profit with full legal standing. We handle Charitable Trust registration, Society registration, and Section 8 company incorporation under applicable laws in J&K and across India.
Plans
Simplified accounting compliance that works for your growth
Unlimited accounting support with fixed monthly pricing and guaranteed response times. Pick a starting point and we'll confirm the fit in a free consultation.
NPO Essential
Statutory bookkeeping and fund accounting for growing trusts & societies.
Fixed monthly pricingQuoted in your free consultation
- NPO Fund-based bookkeeping
- Receipts & Payments Statement
- Quarterly grant utilization summary
- Email support
NPO Growth
Complete financial statement prep and tax return filing for non-profits.
Fixed monthly pricingQuoted in your free consultation
- Everything in NPO Essential
- Balance Sheet & Income/Expenditure Statement
- Form ITR-7 Income Tax Return preparation
- Form 10B / 10BB audit coordination
- Phone & WhatsApp support
NPO Comprehensive
End-to-end NPO accounting, 12A/80G, FCRA log maintenance, and ROC compliance.
Fixed monthly pricingQuoted in your free consultation
- Everything in NPO Growth
- FCRA Form FC-4 annual return filing
- Section 8 ROC filings (AOC-4 IE / MGT-7A)
- Donor audit readiness file management
- Priority advisory with guaranteed response times
Ready to start with npo financial statements?
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