Our Minneapolis Nonprofit Bookkeeping Services Can Save You Up To 40% in Admin Costs
Nonprofit Bookkeeping Services in Minneapolis & Beyond
Bakersfield Nonprofit Bookkeeping Services
5630 District Blvd 102
Suite 202
Bakersfield, CA 93313
1 (661) 218-1122
Chicago Nonprofit Bookkeeping Services
111 N Canal St
ste 900 Floor 5 Room 7
Chicago, IL 60606
1 (872) 253-6677
Los Angeles Nonprofit Bookkeeping Services
360 N Pacific Coast Hwy Suite 2000 Floor 3
El Segundo, CA 90245
1 (213) 463-8484
New York City Nonprofit Bookkeeping Services
20 Jay St
Floor 2 Suite 3
Brooklyn, NY 11201
1 (646) 921-6606
Sacramento Nonprofit Bookkeeping Services
3835 N Freeway Blvd
Floor 1 Unit 11
Sacramento, CA 95834
1 (916) 999-5955
San Francisco Nonprofit Bookkeeping Services
1 Hallidie Plaza
Suite 404
San Francisco, CA 94102
1 (415) 358-5353
Washington DC Nonprofit Bookkeeping Services
1140 3rd St NE
Floor 5 Room 7
Washington, DC 20002
1 (771) 220-7155
Our Minneapolis Nonprofit Bookkeeping
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 Minneapolis Nonprofit Bookkeeping Services
Can Do For You:
- Ensure accurate financial records and compliance
- Streamline your accounting processes
- Track donations and grants efficiently
- Prepare financial statements for audits and reports
- Manage payroll and expense tracking
- Provide real-time financial insights
- Support budgeting and financial planning
- Help maintain tax-exempt status compliance
World-Class Nonprofit Bookkeeping Services
On-Call 24/7/365
No Surprises Guarantee
Proactive CPAs
Value-Focused Accounting
30-Day No Fault Agreement
Cloud-Based & Real-Time
Your Comprehensive Nonprofit Bookkeeping Services
- Accurate Financial Recordkeeping
- Expense Management
- Payroll Management
- Cash Flow Management
- Budgeting & Forecasting
- Tax Compliance
- Audit Preparation & Representation
- Grant Compliance & Reporting
- Donation & Grant Tracking
- Fund Accounting Expertise
- Customized Financial Solutions
- Financial Reporting
- Financial Analysis & Insights
- Board & Stakeholder Support
- Cloud-Based Accounting Solutions
Meet Your Minneapolis 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!
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
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.
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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
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