Financial Statement Preparation
Accurate, Compliant, and Insightful Financial Reporting
Financial statements are more than just numbers—they tell the story of your organization’s financial health, sustainability, and accountability. At NCheng LLP, we provide comprehensive financial statement preparation services to ensure your nonprofit’s financial reports are accurate, compliant, and audit-ready.
With expertise in nonprofit accounting standards, GAAP compliance, and grant reporting, we deliver clear, transparent financial statements that help your board, funders, and stakeholders make informed decisions.
Why Financial Statement Preparation Matters for Nonprofits
Nonprofits operate in a highly regulated environment, requiring precise financial reporting for grantors, donors, boards, and government agencies. Well-prepared financial statements:
- Ensure compliance with GAAP, IRS Form 990, and grantor requirements
- Strengthen transparency and accountability for funders and stakeholders
- Support strategic decision-making with reliable financial data
- Streamline audits and financial reviews, reducing risk and delays
Our Financial Statement Preparation Services
Comprehensive Financial Statement Preparation
- Prepare Statement of Financial Position (Balance Sheet)
- Develop Statement of Activities (Income Statement)
- Produce Statement of Functional Expenses
- Generate Statement of Cash Flows
GAAP Compliance & Fund Accounting
- Ensure financial statements comply with GAAP and nonprofit accounting standards
- Properly classify restricted and unrestricted funds
- Maintain accurate revenue recognition for grants and contributions
Grant & Funder Reporting
- Align financial statements with grant reporting requirements
- Track restricted, temporarily restricted, and unrestricted funds
- Provide clear documentation for funders, auditors, and board members
Board & Leadership Financial Reports
- Customize financial dashboards and reports for board meetings
- Provide variance analysis and budget vs. actual comparisons
- Deliver key financial insights to support governance and decision-making
Accurate Financial Reporting, Simplified
At NCheng LLP, we ensure that your financial statements are not only accurate and compliant but also meaningful and actionable. Whether you need ongoing support or assistance in preparing for an audit, our nonprofit accounting experts are here to help.
Let’s make financial reporting seamless and stress-free. Contact us today to learn more.
A Legacy of Excellence
We have been a trusted source for financial guidance for more than 35 years.
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NCheng helps businesses make strategic financial decisions with confidence.
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