We Provide Financial Nonprofit Audit Representation in Chicago for Stress-Free Audits
Our Financial Nonprofit Audit Representation
Services Are for You,
If You Want:
Trusted by Nonprofits
“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”
“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”
“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”
“With Daily Balance, we’ve been able to spend 99% of our grants last year and achieve a level of financial health and compliance that we couldn’t reach before.”
“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”
“The knowledge that Daily Balance provides enables me to make better decisions in my business.”
“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”
“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”
“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”
CPAs Who Have Mastered Bookkeeping Services for Nonprofits
While most CPAs shy away from the confusing and complex nature of nonprofit accounting, we focus solely on it. After having worked with nonprofits with a budget of $1M+ for over 25 years, we understand how to do your accounting like few do. That’s why our clients love working with us.
We are a team of detail-oriented, can-do nonprofit accountants and CPAs who strongly value responsiveness, integrity, excellence, helpfulness, innovation, professionalism, and fun!
We look forward to working with you, so we can help you focus on your programs, reduce headaches, get more funding, produce perfect audits, and look amazing in front of your board, all the while reducing your admin costs.
Syd Highley, CPA | Daily Balance
Managing Principal What Our Chicago Nonprofit Audit Representation Services
Can Do For You:
- Ensure audit readiness and compliance
- Streamline audit preparation processes
- Improve accuracy of financial reporting
- Enhance internal control systems
- Resolve audit findings efficiently
- Maintain regulatory and grant compliance
- Provide clear and accurate audit documentation
- Facilitate effective communication with auditors
- Minimize audit-related disruptions
- Strengthen financial transparency and accountability
World-Class Nonprofit Audit Representation
On-Call 24/7/365
No Surprises Guarantee
Proactive CPAs
Value-Focused Accounting
30-Day No Fault Agreement
Cloud-Based & Real-Time
Your Comprehensive Financial Nonprofit Audit Representation Services
- Organize and review financial records and documentation
- Act as the primary liaison between the nonprofit and external auditors
- Coordinate audit schedules and meetings
- Prepare and submit all necessary financial documents to auditors
- Assess and document internal controls
- Ensure compliance with accounting standards and regulations
- Verify that grant and donor restrictions are properly reported
- Identify and manage potential audit risks
- Review financial statements for accuracy and completeness
- Update and create financial policies to meet audit standards
- Identify and correct discrepancies before the audit
- Ensure all financial policies and procedures are documented
- Respond to auditor inquiries and requests for additional information
- Address and resolve audit findings and recommendations
- Provide staff training on audit procedures and requirements
- Assist with post-audit implementation of corrective actions
Meet Your Chicago Nonprofit Bookkeeping Team
Syd Highley
Amy Fryatt
Julie Asuncion
Norie Fabian
Tessa Joy De Vera
Ilonah Vivas
We'll Integrate with Your Accounting Software
Let Us Lighten Your Load!
Fixed Fee
No Surprises
Guarantee
Nonprofit Audit Representation in Chicago & Beyond
Bakersfield Nonprofit Audit Representation
1 (661) 218-1122
Boston Nonprofit Audit Representation
1 (857) 678-1661
Chicago Nonprofit Audit Representation
1 (872) 253-6677
Los Angeles Nonprofit Audit Representation
1 (213) 463-8484
New York City Nonprofit Audit Representation
1 (646) 921-6606
Sacramento Nonprofit Audit Representation
1 (916) 999-5955
San Diego Nonprofit Audit Representation
1 (619) 389-3344
San Francisco Nonprofit Audit Representation
1 (415) 358-5353
San Jose Nonprofit Audit Representation
1 (669) 230-0440
Washington DC Nonprofit Audit Representation
1 (771) 220-7155
Nonprofit Accounting Resources
FAQs
1 Fun & 1 Interesting Fact About Chicago
Chicago Nonprofit Accounting Resources
Illinois CPA Society – Not-for-Profit Committee
550 W. Jackson, Suite 900 Chicago, IL
60661
(312) 993-0407
Chicago, IL Local Resources
Top Companies in Chicago, IL
100 N Riverside Plaza
Chicago, IL
60606
More About Nonprofit Accounting in Chicago, Illinois
Chicago, Illinois, is the third-largest city in the United States, with a population of approximately 2.7 million residents. Known for its iconic skyline, rich cultural history, and vibrant neighborhoods, Chicago is a diverse city with a wide range of ethnic backgrounds. The city’s demographics include about 33% White, 29% Black or African American, 29% Hispanic or Latino, and 7% Asian. Chicago’s population reflects a mix of long-established communities and a growing immigrant population, contributing to its dynamic cultural scene.
Residents of Chicago live in a variety of neighborhoods, from the upscale Gold Coast and Lincoln Park to more working-class areas like Pilsen and Bronzeville. The city is a hub for business, finance, and transportation, with industries such as healthcare, technology, and education also playing significant roles. Chicago’s residents enjoy access to world-class museums, music, and food, as well as professional sports teams. Despite its cold winters, the city’s lakefront and extensive park system make it an attractive place to live.
Nonprofit accounting in Chicago plays a vital role in managing the financial operations of the city’s many charitable organizations, which include foundations, healthcare institutions, educational entities, and community groups. Nonprofit accountants in Chicago focus on ensuring compliance with financial regulations, particularly those related to tax-exempt status and donor-restricted funds. They handle tasks such as preparing financial statements according to Generally Accepted Accounting Principles (GAAP), managing grants, and conducting audits to ensure transparency and accountability.
Given Chicago’s diverse nonprofit sector, accountants must be adept at navigating the complexities of restricted funds, government contracts, and financial reporting for stakeholders. Many organizations rely on these professionals to guide them through the specific regulations governing 501(c)(3) entities and other tax-exempt classifications. Nonprofit accounting firms in the city offer specialized services, including audit preparation, tax compliance, and financial planning, allowing nonprofits to focus on their missions while maintaining robust financial oversight and integrity.
Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Chicago area so they can focus on their mission/programs, rather than their financials. Our clients love our quick response time, fixed fees, and our proactive solutions.
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