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Not-For-Profit Organizations

Foster Results, LLC understands that financial resource management is one of the most important aspects required to keep non-profit (NFP) organizations growing and thriving.

Your not-for-profit organization can only succeed if it is led from a position of fiscal responsibility and sound accounting practices. A sound financial management policy will ensure that your organization can realize its full potential, vision and goals.

Not-For-Profit Accounting Expertise at an Affordable Cost

We understand that every organization has unique needs. With that in mind, we’ll work with you to develop customized service plans that meet your not-for-profit organization’s accounting needs at a fraction of the normal cost. We assign a dedicated staff accountant who works closely with you throughout your stay with Foster Results and effectively becomes an extension of the organization.

Fraternities and Sororities

In addition to our work for traditional nonprofits, we provide outsourced bookkeeping services for fraternal organizations. These national organizations, with fraternity or sorority chapters on college campuses across the country, require specialized bookkeeping solutions designed to conform to each organization and their individual chapters’ needs to handle all of their accounting functions.

Bookkeeping services we offer our not-for-profit clients include:

  • Audit Preparation
  • Grant / Fund Accounting
  • Design of Specific / Detailed Chart of Accounts
  • Accounting of Donated Goods
  • Stringent Internal Controls
  • Budget Development and Measurement to Success
  • Adherence to Guidelines of “Restricted Funds”
  • Reporting of “Restricted Fund” Usage
  • Preparation of Financial Statements According to GAAP Guidelines
  • Real-time Access to QuickBooks Data from Anywhere 24 / 7
  • QuickBooks Setup & Training
  • Optional Sage Fund Accounting Software Service (Remote or On-site)
  • Financial & Strategy Consulting
"Throughout my career, I have prided myself on providing value to any type of client relationship, regardless of what kind of business they were in."
"I continuously work towards understanding the core of what the business or Not-For-Profit does, and find the best ways to streamline their accounting process."
Chantel Rammel, Staff Accountant
 Foster Results
Click for more testimonials.

Outsourced Bookkeeping Can Save Not-For-Profits 50% of Inhouse Service

Our account managers take personal accountability to ensure the work is done to specification by conducting frequent quality checks and proactively reaching out to you to ensure we are exceeding your expectations.

According to Jennifer Foster, President of Foster Results, “I find that Not-For-Profits often have a ‘this is the way we’ve always done it’ mentality. They’ve always had someone internally, answering phones, doing office administration, typing letters, and doing the accounting, too.”

“What they don’t realize is that this practice costs them more than they would pay if they actually had an accountant doing the accounting. We have been able to reduce accounting costs by 50% to 60% of what they were paying an employee to do their own accounting internally for every NFP we work with, and provide better, faster, more accurate results, as well.”

Quality and Accuracy In Everything We Do

Integrity and professional competence are the cornerstones of our organization. We work hard to earn and maintain your trust and confidence. So that we can provide quality professional services in an independent, objective, and ethical manner, we have implemented a number of global professional development initiatives and quality and compliance safeguards especially for nonprofit organizations and charities.

In the end, if you, our client, aren’t satisfied, neither are we.

Questions? Call us today at (877) 399-8920 for more information!

Not-For-Profit Accounting Blog

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