The Financial Affairs LLC

Expert accounting and advisory services designed specifically for nonprofit organizations.

Accounting firm (show on map)

We help nonprofit organizations manage their finances with less stress, more clarity, and better results through DIY templates, full-service monthly accounting, and strategic CFO partnerships.

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About

Financial Affairs is a dedicated accounting firm for nonprofits, offering DIY templates, monthly bookkeeping, CFO services, grant management, and technology-forward solutions to ensure financial clarity, compliance, and sustainable growth for organizations of all sizes.

100% of clients are nonprofits

$15M+ in grant funding managed

Technology-forward solutions

100% client retention

Virtual model serving nationwide

Services

Do-It-Yourself Accounting

Free templates, financial tools, and expert check-ins for nonprofits managing their own books.

Free templates & financial tools One-on-one consulting sessions Guidance on QuickBooks, budgeting & 990 prep

Monthly Bookkeeping & Reporting

Outsource day-to-day bookkeeping, reconciliations, and monthly financial reports for nonprofits.

Categorized income & expenses Bank & credit card reconciliations Monthly close process Internal financial reports Restricted fund tracking support

Virtual CFO Services

Strategic financial leadership, annual budgeting, cash flow forecasting, and board-ready reporting for growing nonprofits.

Annual budgeting & cash flow forecasting Grant reporting & federal compliance Board-ready financials & audit coordination

Form 990 Preparation

Accurate preparation of IRS Form 990, 990-EZ, or 990-N for nonprofits, ensuring compliance and timely filing.

Form selection assistance Year-end financial statement gathering Program service info & mission updates Board member list & governance disclosures Grant income & expense breakdowns

Grant Management & Reporting

Track restricted funds, manage grant budgets, and prepare funder-specific reports for nonprofit organizations.

Chart of accounts setup for restricted funds Grant activity tracking Funder-specific reporting templates

Budget Template & Tools

Free nonprofit budget templates with program and grant tabs to help organizations plan and track finances.

Program-specific budget tabs Grant tracking capabilities Easy-to-use spreadsheet format

Credentials & Certifications

Nonprofit Accounting Expert

Grant Management Certification

Project Management Professional (PMP)

Frequently Asked Questions

What’s included in your monthly bookkeeping service? +

We handle categorized transactions, bank reconciliations, month-end close, internal financial reports, and year-end Form 990 preparation.

Will I lose control of my finances if I outsource this? +

No. You’ll stay informed through monthly reports and check-ins, acting as an extension of your team rather than a replacement.

Can you track grants or restricted funds? +

Yes. We set up your chart of accounts to track restricted vs. unrestricted funds by program or grant as needed.

Do you help with audits? +

We offer basic audit prep—organizing records, cleaning up reports, and helping you get ready for outside review. Full audit coordination is covered by our CFO service.

What’s the difference between a 990, 990-EZ, and 990-N? +

The IRS offers multiple versions based on organization size: 990-N (e-Postcard) for orgs with gross receipts under $50,000; 990-EZ for orgs with gross receipts under $200,000 and assets under $500,000; Full 990 for larger orgs or those with complex funding/grants.

Should I DIY or outsource my 990 filing? +

DIY works if you’re filing a 990-N, have minimal activity, confident bookkeeping, and prior filing experience. Outsource if your books are complex, grant-funded, you’ve changed accountants, or need to avoid IRS notices or missed deadlines.