Accounting services for not-for-profits & charities in Burlington, Oakville & Hamilton

Many not-for-profits operate with volunteers working in a variety of positions. These volunteers may have the necessary skillset to assist the organization with its financial needs but that is not necessarily the case. In addition, volunteers may not be able to commit the necessary time and effort to meet the needs of the organization. Having an experienced Not-For-Profit team like SB Partners will fill the gap and provide the necessary support to meet your needs.

• Improve your financial reporting
• Streamline systems and processes to improve efficiencies
• Assist you in identifying risks and determining strategies to mitigate their impact
• Advise on internal controls to reduce the potential for errors and fraud
• Work with the organization on strategic planning

Under Canadian Generally Accepted Accounting Principles, there are a specific set of accounting principles for Not-For-Profit organizations. These are called Accounting Standards for Not-for-Profit Organizations (“ASNPO”). These standards are designed to consider the unique differences of not-for-profits from profit-oriented businesses.

7 Years

Not-for-profits follow the same record retention rules as other businesses in Canada.