Studio501 was founded to help 501c3 nonprofits tell their unique financial stories. We offer fiscal management and accounting services with a fresh approach that empowers nonprofits to continually improve, thrive as organizations, and grow their positive impact.

We understand nonprofits and 501c3 funding sources

We understand allocating monies in nonprofit accounting

We understand the need to diversify revenues

We understand project vs operating funds

We understand the need to share a financial story with the board

We understand that nonprofit leaders don’t have to be financial experts

We understand the need to train staff in budgeting and basic accounting

We understand how to assess where money is flowing

We understand the need to change the approach to see the true financial picture

Fiscal Management Assessment

Here we work to understand our clients’ current fiscal processes and situation. That includes assessing their chart of accounts to ensure it follows non-profit best practices, evaluating the strength of the organization’s internal controls, looking at the effectiveness of the reporting packages, and ensuring Generally Accepted Accounting Principles (GAAP) are being applied to the accounting process.

Hourly Accounting Services

We offer two tiers of accounting services billed at different hourly rates: Staff Accounting and CFO Consulting.

Our Staff Accounting and Bookkeeping Services help clients manage core monthly and annual accounting needs if they don’t have a bookkeeper on staff. Services include:

• QuickBooks Financial Transaction Management
• Reconciliations for Bank Accounts, Credit Cards, and E-commerce
• Receipt Tracking
• Document Management
• Financial Reports
• Year End Processing for Tax Preparation
• Interface with Tax Accountant or CPA

CFO Consulting services provides advanced financial guidance as an outsourced service, designed for mid-sized nonprofits who need support in the following areas:

• Board and management reporting
• Grant reporting
• Cash flow projection and expense reduction
• Board/Audit committee governance, reporting, and support
• Budget preparation and management
• Coordination of audits and Form 990
• Direct and indirect expense allocations
• Reporting and tracking of multiple funds and restrictions within an organization
• Government contract reporting
• Risk and controls assessment
• Measurement of  performance and success

Financial Strategy & Planning

For clients looking further out, we offer strategic financial guidance to help align the organization’s financials with its long-term plans. Services include:

• Budgeting
• Financial modeling
• Forecasting
• Proforma budgeting
• Scenario planning

Ready to take the next step? Contact Us.