Non profit and charity accountants in Canada

Reporting a board, a funder and the CRA can all rely on

Non profit reporting answers to more readers than a private company's does. A board needs statements it can approve, a funder needs to see that restricted money was spent on what it was granted for, and the CRA needs the annual return filed on time and consistent with those statements. The same set of records has to satisfy all three.

HBT prepares year end financial statements, files the T3010 Registered Charity Information Return, and keeps the underlying bookkeeping in a shape where restricted and unrestricted funds stay separable. We work with registered charities, incorporated societies and unincorporated associations, and we say at the outset which of those a given engagement is being scoped as.

What a non profit engagement covers

How the work begins

1. 1

   Step 1: Tell us how you are constituted

   Registered charity, incorporated society or association, plus your year end and who receives the statements.

2. 2

   Step 2: We scope and price the work

   Scope depends on funding sources, employees and record condition. The fee is confirmed before anything paid starts.

3. 3

   Step 3: A reporting calendar you can hold

   Year end, the annual return and any payroll or GST deadlines set out as dates, not reminders.

What does a non profit accounting engagement include?

A typical engagement covers year end financial statements for the board, preparation and filing of the T3010 Registered Charity Information Return where the organisation is a registered charity, and bookkeeping that keeps restricted and unrestricted funds separable through the year. Payroll and GST/HST work is added where the organisation has employees or files returns. Fees depend on the size of the organisation, the number of funding sources and the condition of the records, and are confirmed before any paid work begins.