Not-for-Profit Organizations

A strong set of financial statements is vital for Not-for-Profit organizations, which have to balance service levels with the necessity to stay on budget. Not-for-Profit organizations need timely, reliable accounting information in order to allow personnel to prepare accurate budgets reflecting the needs of the members and, when required, complying with funding agreements.

RHN will work with your Board of Directors and management to facilitate sound administration of the organization’s financial resources. Our clients include health care and human services providers, schools, private foundations, trade associations, charitable organizations, churches and other similar groups. We conduct financial management and detailed reporting required for these organizations to stay in compliance and aware of regulatory changes.

Our Services Include

BUSINESS ADVISORY SERVICES

  • Strategic Plan Development
  • Business Plan and Budget Development
  • Inventory Management
  • Business Valuation
  • Acquisition or Sale of Business Assistance
  • Succession Planning / Reorganizations
  • Negotiation / Mediation
  • Assistance with Government Loans
  • Budget Management
  • Cash Flow Estimates and Forecasting
  • Development of Management Systems

FINANCIAL STATEMENT REPORTING

  • Compilation Engagement
  • Review Engagement
  • Audit Engagement
  • Specialty Audits
  • Interim Financial Statements
  • Annual Financial Statements

CORPORATE TAX PREPARATION

  • T2 Only
  • Corporate Income Tax Return
  • Budgeting

 

INFORMATION RETURN PREPARATION

BOOKKEEPING AND GOVERNMENT REPORTING

  • Monthly, Quarterly and Annual Bookkeeping
  • Remittances
  • Payroll Administration
  • T4 / T4A / T5018 / ROE
  • Worksafe BC
  • Credit Card
  • Recording Cheques
  • Reconciling Bank Accounts
  • Preparing Detailed General Ledger
  • HST
  • Eldercare

SEMINARS, COMPUTER SOLUTIONS AND TRAINING

  • Industry Specific
  • Simply Accounting
  • Quickbooks

Client testimonials

"We set the bar pretty high and, year after year, we are very happy with RHN’s work. We trust their staff to meet deadlines and provide good service in a worry-free environment. They are very good at working with our volunteers and staff, and they understand the limits and abilities of working with small organizations and Not-for-Profits. They have a real feel for what we do and why we are here. It’s a good fit."
G.L., president of Not-for-Profit organization

 

"Since hiring Reid Hurst Nagy in 1995, I have been consistently impressed with their quality of work and strict attention to detail. When I am in need of expert advice, staff are always available for consultation. In addition to ensuring that taxes and other related monies are paid promptly, RHN prepares clear, easy-to-understand financial statements that are well accepted by the institutions I deal with. In my opinion, what sets RHN apart from others is their thoroughness and ability to offer highly knowledgeable advice on how best to run my operation."
F.P., business manager, university newspaper and daily web newspaper

"Reid Hurst Nagy has an in-depth knowledge of the challenges, commitments and accountability required by a non-profit society and registered charity. They have provided us with the expertise and support to meet all of our obligations to our funders, donors and members, including ensuring financial reports are presented in a format that works for all. One of the biggest benefits of working with them is knowing I can pick up the phone anytime with a question or problem and they will be there to guide us through. The staff are professional and do their work in a timely and efficient manner, which allows us to focus on the work of our organization. The presentation at our AGM is always so respectful to our members and clients. I would not hesitate to recommend Reid Hurst Nagy to other agencies seeking an auditing firm."
N.K., executive director, non-profit/registered charity offering mental health services