• Accounting, Consulting & Audit Services
    for Non-Profits, Government Agencies
    & Corporations

Not-for-Profit

Keeping up with the changing requirements and regulations for not-for-profit organizations takes time and focus.

Let Long Island Financial Management Services put our expertise to work for you, so you can focus on keeping your organization moving toward your goals. Insourcing or outsourcing your accounting to LIFMS can be a cost effective way to free up your staff to do more of what drives your organization while ensuring fiscal compliance with your funder and government regulations.

LIFMS specializes in not-for-profit accounting, providing charities, arts, literary, social justice, youth, schools, social service providers, and other not for profit organizations with exceptional services. We offer customized solutions tailored to our client’s specific needs, including:

  • Financial management services from CFO to bookkeeping services
  • Government funder budget and vouchering management
  • Monthly financial statement preparation and cash flow projections
  • Revenue maximization (realignment of programs/costs based on revenue sources)
  • New proposal, project budgeting and budget modifications
  • Year-end certified audit preparation
  • Attest services including Certified Audit and Review and Compilations
  • All NFP IRS and state filings

Let our experience and reliability provide you with the peace of mind that comes from knowing that your accounting is in the hands of trustworthy professionals. We will see to it that your financial records are in order and that all filings are prepared on a timely basis in compliance with applicable fiscal regulations.

As an AICPA Peer Reviewed accounting firm and NYSSCPA member, we are committed to adhering to the highest quality standards. We have multiple experienced and diversified staff members, which enables us to provide a wide range of insourced or outsourced services to our clients and ensure that your accounting tasks are always completed regardless of employee absence or turnover. We require continuing education, resulting in our staff being up-to-date with changes in payroll laws, generally accepted nonprofit accounting principles, regulatory requirements and the latest versions of popular bookkeeping software. All work is supervised by NYS licensed CPA’s, and we take pride in our cutting-edge technology. LIFMS has a long history of providing accounting services to the not-for-profit sector. Through our many years of experience, our team has gained comprehensive knowledge of the tax requirements, operational structure, and unique needs specific to non-profit entities.

Your mission is to help others. Our mission is to help you do it.

 
    • WBENC - Certified Women-Owned Business
    • DBE Certified - Disadvantaged Business Enterprise
    • AICPA
    • SBA WOSB
    • NYS CPAs
    • QuickBooks Certified
    • QuickBooks Online Certified