From social service to cultural organizations to the local business associations, not for profit organizations make our communities a better place. Unlike for-profit businesses that exist to generate profits for their owners, not for profit organizations exist to pursue mandates that address the needs of society. Not for profits do not have commercial owners and must rely on funds from contributions, membership dues, program revenues, fundraising events, public and private grants, and investment income. We understand how not for profits work and what financial information and processes they need. We want to work with you so that you can focus on your mandate.
Dorward & Company will make your life easier. We have the capacity to assist you with the day to day and month to month financial processes. This can take the stress out of hiring someone on a limited budget that perhaps do not have the range of skills that you need. Our diverse staff has the skills and expertise to make your organization run efficiently and for you to have the financial information that your funders, your board and government agencies require, on hand at a moment’s notice.
Our Audit department has gone through great growth in the last couple of years. We have welcomed a number of individuals that have extensive not for profit audit experience. We are able to offer an efficient and cost effective audit process. We utilize our expertise to make the audit process less intrusive for your organization. Our experts are personable individuals that your organization will welcome back year after year.
We utilize our financial expertise to provide an unbiased review of your financial statements. The most common assurance engagement that we offer is a review engagement. It is not as detailed as an Audit but is able to be used for the majority of financial users.
One of the most difficult tasks that not for profits deal with is the end of the year demands of governmental reporting. We understand the difficulty in getting everything done at the end of the year and we can help. By using our financial expertise, we are able to make this process easier, minimize your stress and have complete confidence that the information we present is accurate. Let us help you with the rigorous requirement of government reporting.
Grants are one of the most essential financial instruments for not for profits. We understand the role of grants and the requirements that come with them. Spending as much time on the administration of the grant as the program delivery takes away from the added benefit you are trying to give your community. We can assist in this area and give you complete confidence that your reporting is done properly. Let our staff do this so that you are able to focus on benefiting the community within your mandate.
We know the new regulations in regards to CRA and not for profits and we want to bring that expertise to you. We have the ability to assist you with your employee and contractor taxation requirements; we can help set up templates to make your monthly allocations and year ends easier; and we can even assist with your T4 requirements.