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With Our Boston Nonprofit CFO Services, You Can Take Decisive Action & Grow Your Net Assets 

When you choose us as your nonprofit accountant, you also receive our CFO advisory services.
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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National Council Of Nonprofits
Boston Nonprofit CFO Services
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Case Study

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

We’re the Boston Nonprofit CFO
for You, If You Want:

Expert Guidance
Expert Guidance
We have a plethora of growth strategies up our sleeves, from grants and fundraising to tax strategies, and more.
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Proactive Solutions
Our nonprofit CFO services are forward-thinking, providing predictive data and strategies before issues arise.
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Funding Support
As your nonprofit CFO, we are here to help you spread the risk by pointing you in the direction of new funders.
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A Financial Team
We are your quarterback for building your financial team. You can skip the search and come to us first.
«Spend less than you would on an in-house accounting department while getting the peace of mind that comes from having a nonprofit CFO supporting you.»
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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.

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
Syd Sign Syd Highley, CPA | Daily Balance Managing Principal

What Our Boston Nonprofit CFO Services
Can Do For You:

World-Class Nonprofit CFO 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 CFO Advisory Services

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Financial Planning & Strategy
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Financial Reporting & Compliance
Fund
Grant & Fund Management
Risk
Risk & Efficiency Management

Meet Your Boston Nonprofit CFO 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 1

Ilonah Vivas

Bookkeeper

We'll Integrate with Your Accounting Software

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 CFO Services in Boston & Beyond

Nonprofit Accounting Resources

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

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

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: