As Your Boston Nonprofit Accountant, We’ll Save You Up To 40% in Admin Costs 

We’ll be your nonprofit’s virtual accounting department (bookkeeping, audit representation, CFO), so you can focus on your mission/programs, rather than your financials.
Serving the greater Boston area’s 4,637,537 residents and 44,513 businesses spanning from Beacon Hill to Charleston, Cambridge, and beyond for all of your Boston nonprofit accounting needs.
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Boston
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Case Study

CASE STUDY: How We Helped a Nonprofit Organization Grow from $40K to $2.2M

Are You Frustrated By…

  • Being off your mission and programs because you’re sidetracked by admin tasks
  • Never being able to catch up on your books
  • Looking like a fool in front of your board
  • Missing out on funding opportunities because of disorganized financials

We’re the Perfect Boston Nonprofit
Accountant
for You, If:

Your Books Are a Mess
Your Books Are a Mess
Does it feel like your books have turned into a dragon you can’t tame? If you’re feeling overwhelmed and you’re tired of inaccurate and incomplete records, we’re here to release the stress.
You Lost Your Bookkeeper
You Lost Your Bookkeeper
We remove your “key person risk” so you don’t have to start all over with someone new when retirement or other life changes occur. We’ll hop right in and even improve your financial systems.
You Are a New ED
You Are a New ED 
As a nonprofit Founder, Executive Director, or CEO, you probably have a vision of how things should run. We’ll take care of your books, so you can focus solely on your mission and programs. 

What Boston Nonprofit Accounting
Services
Do You Need?

What We Do
What DON’T We Do

We’ll replace your nonprofit accounting department

so you can focus on your programs, save up to 40% on your overhead ratio, and secure current and new funding.
Bookkeeping
CFO-Advisory

CPAs Who Have Mastered Accounting 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
Syd Sign Syd Highley, CPA | Daily Balance Managing Principal

Trusted by Nonprofits



“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”

Nancy R
Nancy R.



“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”

Evan Hawkins
Evan Hawkins FACCC



“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”

Tina C
Tina C.



“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.”

Basir Azizi Mutual Assistance Network



“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”

Debra Oto-Kent Health Education Council



“The knowledge that Daily Balance provides enables me to make better decisions in my business.”

Deborah C.



“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”

David W
David W.



“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”

Tracey Schaal
Tracey Schaal Community Strong Strategies



“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”

Gary W.

Your Virtual Nonprofit Accounting Department:
Bookkeeper, Audit Advocate & CFO

Bookkeeper

Real-Time, Precise, & Audit-Ready Financials

Your dedicated accounting associate will gain a thorough understanding of your organization to ensure precise bookkeeping. Then we’ll:
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Audit Representation

Financial Audits Made Easy

We’ll represent you in your annual financial audit, answering ALL financial questions the auditor has on your behalf. We strive for zero audit adjustments, and in the rare case when they happen, we’ll handle them for you. We’ll:
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CFO Advisory

Unmatched Financial Expertise Tailored to Your Needs

In addition to your dedicated accounting associate, you’ll have access to our CPAs for ongoing guidance and proactive solutions to:

What You Get When You Hire Us

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Accurate Cloud-Based Bookkeeping
Monthly Financial Reports
Annual Audit Representation
Budgeting & Forecasting
Virtual CFO Advisory

In Just 90 Days, You’ll Get:

We'll Integrate with Your Accounting Software

6 Reasons You’ll Want to Work With Us 

Accurate & Auditable

Non-profit accounting is difficult. In fact, many CPAs fail to even understand it, and most accountants steer clear of it. At Daily Balance, it’s all we do and quality-consistency is our specialty. Because of that, you can rest assured that your books will be accurate and auditable.
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Quick & Responsive

We are just as responsive as an in-house bookkeeper would be, but we go a step further. Because we know the non-profit industry so well, we’ll stay on top of it all so you can focus on people and your mission. We provide rapid communication through Microsoft Teams so it’s like we’re working right next to you. In most cases, you can expect a reply within seconds!
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No Downtime

You’ll receive one point of contact, but you’ll also have access to our team so that there is never any down time. 

We internally cross-train so that even if your contact is out, you’ll always get the quick responses you deserve.

Our name says it all: Daily Balance. We serve our clients daily so they never have to worry about key person risk again.

Save Up to 40%

By outsourcing your accounting department to Daily Balance, you can save up to 40% on your accounting costs, while getting better expertise, service, and value. 
In-housing a full-time data entry person, bookkeeper, and an accountant means you’ll have to pay their salaries, payroll taxes, benefits, 401-K contributions, insurance, paid time off, workman’s comp insurance, training and administration expenses, and overhead costs (space, equipment, etc).

By hiring us, you’ll simply pay a flat monthly fee, which is often already included in your program funding anyway.

Financial Audit Representation

As your advocate, we handle your annual financial audits and will answer ALL of the hundreds of questions the auditor will have on your behalf. You’ll be happy to know that you most likely won’t even need to be part of the process.

You can stop feeling anxious and rest assured because we’ll make sure there are no surprises when your audit comes around.

Increase Your Funding

As a non-profit, the backbone of your organization is funding, and that only comes as a result of accurate and meticulous books.

You no longer have to endure missed grant opportunities because you fail to have all the financials in place.

Your funders will be so happy to receive your accurate and unquestionable financials, and so will your future funders, because as your CFO adviser, we’ll guide and advise you on how to diversify with new funding.

Plus, You’ll Be Able To…

Loved by Auditing Firms

“Because of Daily Balance’s efforts we are able to perform our audits, reviews and 990 tax filings with the highest level of efficiency.”

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Steven Nicolson
Independent Nonprofit Auditor

Your World-Class Boston Nonprofit Accountant

24 hours

On-Call 24/7/365

Guarantee Icon

No Surprises Guarantee

Innovative Icon

Proactive CPAs

Holistic Icon

Value-Focused Accounting

Friendly Advisors

30-Day No Fault Agreement

Secure Client Portal

Cloud-Based & Real-Time

Meet Your Nonprofit Accounting Team

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Syd Highley

Managing Principal, CPA
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Amy Fryatt

Director of Operations
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Julie Asuncion

Accounting Manager

Norie Fabian

Bookkeeper
Tessa Joy De Vera

Tessa Joy De Vera

Bookkeeper
Ilonah Vivas

Ilonah Vivas

Bookkeeper

Let Us Lighten Your Load!

Book a call to discuss your nonprofit’s unique accounting needs so we can provide you with actionable recommendations that will help you take control of your financials and make a bigger difference.

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our nonprofit accounting services – it’s often already included in your program funding anyway.
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Nonprofit Accounting Resources

Nonprofit Accounting in Your Area & Beyond

Sacramento, CA


1 (916) 999-5955

Los Angeles, CA


1 (213) 463-8484

San Francisco, CA


1 (415) 358-5353

San Diego, CA


1 (619) 389-3344

New York City, NY


1 (646) 921-6606

Chicago, IL


1 (872) 253-6677

Washington D.C.


1 (771) 220-7155

Boston, MA


1 (857) 678-1661

San Jose, CA


1 (669) 230-0440

Bakersfield, CA


1 (661) 218-1122

Your Next Steps

Book a Free Consult
Book a call to discuss your nonprofit’s unique accounting needs. We’ll provide you with actionable recommendations that will help you take control of your financials and make a bigger difference.
CASE STUDY: How We Helped a Nonprofit Organization Grow from $40K to $2.2M
See how one nonprofit grew their organization and transitioned to a new executive director without a hitch with the help of our nonprofit accounting firm.

FAQs

What is the best accounting method for nonprofit organizations?
The best accounting method for nonprofit organizations is accrual accounting, as it provides a clearer financial picture. This method records revenues and expenses when incurred, ensuring accurate tracking of grants, donations, and obligations, which is crucial for nonprofit transparency.
What is the accounting treatment for a non profit organization?
Nonprofit organizations follow specific accounting guidelines that include recording revenue as contributions, grants, and donations. They must classify net assets into three categories: unrestricted, temporarily restricted, and permanently restricted. This treatment ensures compliance with regulations and proper fund allocation.
What is the difference between nonprofit and for-profit accounting?
Nonprofit accounting focuses on accountability, tracking donations, and fund restrictions, with emphasis on financial transparency. For-profit accounting centers around profitability, tracking income, expenses, and shareholder equity. Nonprofits use fund accounting, while for-profits utilize revenue and expense matching.
What is the average salary for a staff accountant in Boston?
The average salary for a staff accountant in Boston ranges from $60,000 to $75,000 annually, depending on experience, education, and specific industry. Boston’s competitive job market and high living costs can also influence salary levels for accounting professionals.
How to do accounting for NGO?
Accounting for NGOs involves tracking donations, grants, and expenses using fund accounting. NGOs must maintain detailed records of each fund’s purpose, allocate expenses properly, and prepare financial statements according to relevant regulations, ensuring transparency and accurate reporting to stakeholders.

1 Fun & 1 Interesting Fact About Boston

Boston+Common
Boston, one of America’s oldest cities, is rich in history and fascinating trivia. An interesting fact about Boston is that it’s home to the country’s first public park, Boston Common, established in 1634, making it the oldest city park in the United States. This historic green space has been central to many important events, from British troop encampments during the Revolutionary War to civil rights rallies. On the fun side, Boston is also home to the world-famous “Cheers” bar, the inspiration behind the popular 1980s TV show Cheers. Visitors can still stop by and enjoy a drink at the replica of the bar, reliving moments from the iconic sitcom. This mix of deep history and popular culture gives Boston its unique charm and appeal.

Boston Nonprofit Accounting Resources

Nonprofit Accounting Firm
Boston

Massachusetts Society of Certified Public Accountants

105 Chauncy Street, Floor 10 Boston, MA
02111

(617) 556-4000

The Boston Foundation 75 Arlington St # 300 Boston, MA 02116 (617) 338-1700

Third Sector New England

TSNE, 89 South Street Suite 700
Boston, MA
02111

(617) 523-6565

Massachusetts Nonprofit Network

2 Atlantic Ave #1
Boston, MA
02110

(617) 330-1188

Philanthropy Massachusetts

133 Federal St #802
Boston, MA
02110

(617) 426-2606

What is the Massachusetts Society of Certified Public Accountants?
The Massachusetts Society of Certified Public Accountants (MassCPAs). MassCPAs is the professional association representing over 11,000 certified public accountants, accounting professionals, and students in Massachusetts. The organization provides resources for professional development, networking, advocacy, and continuing education. It also supports the accounting profession through public policy efforts, promoting ethical standards, and offering guidance to both aspiring and experienced CPAs throughout the state. The society plays a vital role in advancing the interests of CPAs and ensuring that they maintain the highest professional standards in the industry.
What is the Massachusetts Board of Public Accountancy?
The state agency responsible for handling regulations for CPAs in Boston is the Massachusetts Board of Public Accountancy. This board operates under the Division of Professional Licensure (DPL) and oversees the licensing and regulation of certified public accountants and public accounting firms in the state. The Board is responsible for setting the standards for licensure, regulating the practice of accountancy, ensuring compliance with ethical and professional standards, and investigating complaints and disciplinary issues related to CPAs. The Board’s role is to protect the public by maintaining high standards for the profession and ensuring that CPAs meet the required qualifications.

Boston, MA Local Resources

Nonprofit Accountant Firm Boston

Boston Chamber of Commerce

265 Franklin Street Suite 1701
Boston, MA
02110

(617) 227-4500

Boston Department of Budget

1 City Hall Square Room 813
Boston, MA
02201

(617) 635-3870

Boston IRS Taxpayer Assistance Center

JFK Federal Building 15 New Sudbury St.
Boston, MA
02203

(844) 545-5640

Boston Police Department

1 Schroeder Plaza
Boston, MA
02120

(617) 343-4633

City of Boston

1 City Hall Square
Boston, MA
02201

(617) 635-4500

Top Companies in Boston, MA

General Electric

5 Necco St
Boston, MA
02210

(844) 302-2943

Fidelity Investments

200 Seaport Blvd
Boston, MA
02210 

(800) 343-3548

Liberty Mutual

175 Berkeley St
Boston, MA
02116

(617) 357-9500

Wayfair

500 Boylston St 1st Floor,
Boston, MA
02116

(877) 929-3247

State Street Corporation

Channel Center 1 Iron Street Boston, Massachusetts
02210

(617) 786-3000

Iron Mountain

33 Arch St
Boston, MA
02110

(800) 899-4766

More About Nonprofit Accounting in Boston, Massachusetts

Boston, Massachusetts, is a historic city with a population of approximately 650,000 residents. It serves as the largest city in New England and is known for its rich history, cultural diversity, and academic institutions. The population reflects a vibrant blend of ethnicities, with a significant portion identifying as White (44%), followed by Black or African American (25%), Hispanic or Latino (20%), and Asian (10%). Boston’s diversity is also reflected in its immigrant population, with about 28% of residents being foreign-born.

The city is a hub for education, technology, and healthcare, with major universities like Harvard and MIT located nearby. Boston residents tend to be highly educated, and the city is home to many young professionals. Neighborhoods like Back Bay, South End, and Dorchester offer a range of housing, from luxury apartments to more affordable options. Boston’s economy thrives on its sectors in finance, higher education, and innovation, creating a dynamic environment for its diverse population.

Nonprofit accounting in Boston plays a crucial role in supporting the city’s vibrant charitable sector, which includes educational institutions, healthcare organizations, and cultural institutions. Given Boston’s status as a hub for philanthropy and social services, nonprofits must adhere to specific accounting standards, such as Generally Accepted Accounting Principles (GAAP) and IRS regulations for tax-exempt entities. Nonprofit accountants in Boston handle tasks like financial reporting, grant management, and compliance with donor restrictions to ensure transparency and accountability.

With a wide array of nonprofits, ranging from small community organizations to large institutions like hospitals and universities, Boston’s accounting professionals must be skilled in managing restricted funds, tracking donations, and preparing reports for stakeholders. Nonprofit accounting firms and consultants in Boston provide services tailored to the unique needs of these organizations, offering expertise in areas like auditing, financial planning, and tax compliance. This ensures that nonprofits can focus on their missions while maintaining strong financial oversight.

Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Boston 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.

Nonprofit Accounting Firm Boston Also Serves Cities Around Boston, Massachusetts

Cambridge, MA
Somerville, MA
Brookline, MA
Quincy, MA
Medford, MA
Malden, MA
Newton, MA
Chelsea, MA
Everett, MA
Revere, MA
Watertown, MA
Waltham, MA
Arlington, MA
Belmont, MA
Milton, MA
Braintree, MA
Winthrop, MA
Dedham, MA
Woburn, MA
Lexington, MA
Needham, MA
Weymouth, MA
Saugus, MA
Peabody, MA
Lynn, MA
Burlington, MA
Norwood, MA
Melrose, MA
Stoneham, MA
Wakefield, MA

Boston Nonprofit Accounting Firm, in Boston is near Faneuil Hall Marketplace which is close to Charlestown, Jamaica Plain, and Downtown Boston. Bunker Hill Monument, Fenway Park, and Boston Tea Party Ships & Museum are also nearby.
Other locations we serve:

Your Accurate & Affordable Nonprofit Accountant