Accounting

Although YH Advisors possesses distinctive tax and legal exempt organization expertise, we are also able to provide our exempt organization clients with affordable and customized accounting solutions. For example, we can be your bookkeeper, your controller, or your CFO. We can also assist and train an exempt organization’s employees or consultants to ensure that their keeping of the books and recording of transactions/events is accurate and complete.

The accounting function for exempt organizations can sometimes be confusing and complex. Some of the areas where we can provide valuable guidance to an exempt organization from an accounting perspective are as follows:

– Conducting of galas and other special event fundraisers
– Conducting of silent/live auctions
– Conducting of raffles and other gaming events
– Receiving of non-cash contributions
– Receiving of multi-year promises (pledges) to give
– Receiving of charitable-use assets
– Providing of grants/specific assistance to individuals

We also possess experience and expertise in the preparing of FIN 48 footnotes for exempt organizations, including the undertaking of the necessary analysis in order to determine whether a reportable FIN 48 UTP is required.