As Your Minneapolis Nonprofit Accountant, We’ll Save You Up To 40% in Admin Costs
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 Minneapolis Nonprofit
Accountant for You, If:
What Minneapolis Nonprofit Accounting
Services Do You Need?
- Internal bookkeeping (including grant fiscal management)
- Audit representation
- CFO advisory
- Nonprofit auditing (we work with your external auditor)
- Tax services
- Short-term consulting
We’ll handle your books, save up to 40% on your overhead ratio, and secure current and new funding
So you can focus on your programs.
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, CPA | Daily Balance
Managing Principal 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.”
Everything You Need for Financial Success:
Bookkeeper, Audit Advocate & CFO
Bookkeeper
Real-Time, Precise, & Audit-Ready Financials
- Ensure all transactions are posted to the correct general ledger and cost-center
- Optimize grant spending to obtain full grant awards
- Prepare grant invoices on a monthly/quarterly basis
- Record salaries, payroll taxes, and employee liabilities
Audit Representation
Financial Audits Made Easy
- Prepare detailed audit schedules and workpapers
- Manage all auditor inquiries and requests
- Reconcile discrepancies before audit submission
- Implement adjustments to meet compliance
CFO Advisory
Unmatched Financial Expertise Tailored to Your Needs
- Address cash flow challenges effectively
- Enhance financial stability and growth
- Guide you to the funding you want
- Optimize systems for scalable growth
- Develop a comprehensive long-term financial strategy
What You Get When You Hire Us
Virtual CFO
Advisory
In Just 90 Days, You’ll Get:
- An organized and efficient accounting system
- Enhanced internal controls
- Easy-to-use, cutting-edge software to enhance productivity
- Comprehensive ongoing support
- Compelling reports so you can take decisive action
We'll Integrate with Your Accounting Software
6 Reasons You’ll Want to Work With Us
Accurate & Auditable
- We are detail-oriented
- We get the job done no matter what
- We simplify the complex
Quick & Responsive
- We return phone calls promptly
- We are on call for you 24/7/365
- We meet deadlines
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.
- Dedicated accounting manager, plus team interaction
- 24/7/365 access to your financial data
- Updated in real time
- High-tech tools to streamline your processes
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.
- Flat monthly fee
- Included in your program funding
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.
- Stress-free audits
- No surprises
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.
- Clean financials on-time to your funding sources
- Guidance on funding diversification
Plus, You’ll Be Able To…
- Spend less time worrying about money
- Be of real service to your constituents
- Run your organization more efficiently and effectively
- Make smarter organizational decisions
- Be highly respected by funding sources
- Look good in front of your board
- Realize your organization’s full potential!
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.”
Steven Nicolson
Independent Nonprofit Auditor
Your World-Class Minneapolis Nonprofit Accountant
On-Call 24/7/365
No Surprises Guarantee
Proactive CPAs
Value-Focused Accounting
30-Day No Fault Agreement
Cloud-Based & Real-Time
Meet Your Nonprofit Accounting Team
Syd Highley
Amy Fryatt
Julie Asuncion
Norie Fabian
Tessa Joy De Vera
Ilonah Vivas
Let Us Lighten Your Load!
Book a call to discuss your nonprofit’s unique bookkeeping 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 bookkeeping services – it’s often already included in your program funding anyway.
Nonprofit Bookkeeping Resources
Nonprofit Accounting in Your Area & Beyond
Bakersfield Nonprofit Accountant
5630 District Blvd 102 Suite 202
Bakersfield, CA 93313
1 (661) 218-1122
111 N Canal St
ste 900 Floor 5 Room 7
Chicago, IL 60606
1 (872) 253-6677
Los Angeles Nonprofit Accountant
360 N Pacific Coast Hwy Suite 2000 Floor 3
El Segundo, CA 90245
1 (213) 463-8484
Sacramento Nonprofit Accountant
3835 N Freeway Blvd
Floor 1 Unit 11
Sacramento, CA 95834
1 (916) 999-5955
Your Next Steps
FAQs
An accountant in a nonprofit organization manages financial records, budgeting, grant tracking, donation reporting, and compliance with IRS regulations. They ensure proper fund accounting, prepare financial statements, file IRS Form 990, and oversee audits. Accountants also help with internal controls and financial planning to maintain transparency and sustainability.
Nonprofit accountants in Minneapolis charge between $75 to $250 per hour, depending on experience and services. Bookkeeping services may range from $1,500 to $5,000 per month, while annual audits can cost $7,000 to $20,000. Large nonprofits may hire full-time accountants with salaries between $60,000 and $100,000 per year.
Nonprofit accounting follows fund accounting, categorizing income as restricted or unrestricted based on donor intent. Expenses are classified into program, administrative, and fundraising costs. Nonprofits must comply with GAAP, track in-kind donations, and prepare financial statements like the Statement of Financial Position and Statement of Activities.
Most nonprofits in Minneapolis use accrual accounting, recognizing revenue when earned and expenses when incurred. This method provides a more accurate financial picture and aligns with GAAP and IRS requirements, especially for organizations receiving grants, donations, and restricted funds. Smaller nonprofits may use cash accounting but often transition as they grow.
Audited financial statements are independently reviewed reports verifying a nonprofit’s financial accuracy and compliance. They include the Statement of Financial Position, Statement of Activities, Statement of Cash Flows, and Notes to Financial Statements. Audits improve donor trust, grant eligibility, and regulatory compliance, often required for organizations receiving significant funding.
1 Fun & 1 Interesting Fact About Minneapolis
Minneapolis is home to the first-ever indoor shopping mall, the Southdale Center, which opened in 1956. Designed by architect Victor Gruen, it revolutionized retail by creating a climate-controlled shopping experience, inspiring the development of malls across the country. The concept allowed shoppers to browse stores comfortably, no matter the harsh Minnesota winters, making it a model for modern shopping centers. The city is also known for its extensive skyway system, spanning over 9 miles, connecting 80 city blocks. This network of enclosed pedestrian bridges allows residents and workers to move throughout downtown without braving extreme cold or heavy snow. Beyond shopping and convenience, Minneapolis has a deep cultural history, being the birthplace of Prince, one of the most influential musicians of all time. His legendary Paisley Park studio, now a museum, attracts fans from around the world.
Minneapolis Nonprofit Accounting Resources
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More About Nonprofit Accounting in Minneapolis, Minnesota
Minneapolis, MN, has a population of approximately 430,000, making it the largest city in Minnesota and part of the Twin Cities metro area, which includes St. Paul and has over 3.7 million residents. The city is known for its diversity, with a population that is about 60% White, 19% African American, 10% Hispanic/Latino, 6% Asian, and 5% multiracial or other groups. Minneapolis has a strong economy, with major industries in finance, healthcare, technology, and manufacturing. Companies like Target, U.S. Bank, and General Mills have headquarters in the city, providing employment opportunities for residents.
Minneapolis is a vibrant cultural and recreational hub, featuring world-class arts institutions like the Guthrie Theater, Walker Art Center, and Minneapolis Institute of Art. The city is also known for its extensive park system and over 200 miles of biking and walking trails, including the popular Chain of Lakes. Sports fans support teams like the Minnesota Vikings (NFL), Timberwolves (NBA), and Twins (MLB). Neighborhoods like Uptown, Northeast, and North Loop offer a mix of historic charm, modern living, and diverse dining options. With a blend of urban amenities and outdoor activities, Minneapolis is a dynamic and growing city that attracts professionals, families, and students alike.
Nonprofit accounting in Minneapolis follows GAAP (Generally Accepted Accounting Principles) and IRS regulations to ensure financial transparency and compliance. Most organizations use accrual accounting to track donations, grants, and restricted funds, and they must file IRS Form 990 annually. The Minnesota Attorney General’s Office oversees nonprofit compliance, including financial reporting and charitable solicitation laws.
Nonprofits in Minneapolis often partner with accounting firms like CliftonLarsonAllen, Abdo, and Redpath and Company for audits, financial management, and compliance support. Organizations also receive guidance from resources like the Minnesota Council of Nonprofits, which provides training, funding opportunities, and financial best practices.
Many nonprofits use accounting software such as QuickBooks for Nonprofits, Aplos, and Blackbaud to streamline bookkeeping and reporting. Strong internal controls, board oversight, and strategic financial planning are essential for maintaining sustainability and donor trust. With a large and active nonprofit sector, Minneapolis organizations must prioritize accountability and financial efficiency to remain competitive and impactful.
Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Minneapolis 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 Minneapolis Also Serves Cities Around Minneapolis, Minnesota
St. Paul, MN
Bloomington, MN
Brooklyn Park, MN
Plymouth, MN
Maple Grove, MN
Woodbury, MN
Eagan, MN
Eden Prairie, MN
Coon Rapids, MN
Burnsville, MN
Blaine, MN
Lakeville, MN
Minnetonka, MN
Apple Valley, MN
Edina, MN
St. Louis Park, MN
Shakopee, MN
Maplewood, MN
Savage, MN
Richfield, MN
Roseville, MN
Inver Grove Heights, MN
Chaska, MN
Chanhassen, MN
Andover, MN
Cottage Grove, MN
Golden Valley, MN
Fridley, MN
Prior Lake, MN
White Bear Lake, MN
