Church Accounting & Tax Compliance
You became a pastor for ministry, not accounting.
We handle your church’s bookkeeping needs and ensure tax compliance so you are free to focus on your ministry and church growth. From pastoral tax advisory and Form 990 compliance to internal controls and more, we can be your all-in-one church accounting department or support your church bookkeeper with training, review, compilations, and more. If you’re ready to partner with a reliable, trustworthy church accounting partner, contact us.
Successful ministries are built on solid financials.
Since 2011, we have helped churches successfully navigate the nuances of church accounting and tax obligations. From clergy tax matters to bookkeeping support and more, we help your church demonstrate good financial stewardship so your minstry is successful.
Schedule a CallMulti-Business Hospitality Business Gains Financial Clarity
When this company came to us in 2019, it was struggling to track revenue and profitability for its hotel construction, hotel management, and various other LLCs, partnerships, and S corporations within a single entity. While this impacted financial visibility and efforts to obtain business loans from banks, we have since resolved this lack of financial visibility. We currently provide monthly and quarterly accounting for managed hotels and business entities, manage accounts payable and accounts receiveable, prepare financial statements, provide managerial reporting, and liaise with banks during business capital efforts.
6-Year Cycle Of Bad Audits Resolved For Nonprofit.
This organization was in a 6-year cycle of unsuccessful annual audits, despite having an in-house CFO for a while. They contacted us to assume CFO and controller services and remedy audit unreadiness. We provided bookkeeping cleanup and migration assistance to QuickBooks Online and BILL, then accounting policy development and internal controls implementation. We now act as controller and CFO for this organization.
No More Messy Books Or Failed Audits
This organization’s controller had improperly implemented QuickBooks Online and BILL, resulting in year-to-date books that were wildly inaccurate. We provided bookkeeping cleanup, audit preparation services, and trained accounting team to manage day-to-day accounting tasks. Client has since passed many audits successfully. We now provide monthly review, data entry assistance, and consultation.
Nonprofit Gets Grant Clarity & A/R Help
This nonprofit receives grant monies to assist the homeless in various regions throughout California through downpayment assistance, supplies, and housing development projects. We provide grant allocations, grant reporting, budgetary development, accounts payable setup and review through BILL, and accounts receivable assistance for grantor invoicing. The end result of these services is that this organization has clarity on amounts for grant proposals, understands and can report on the expenditures related to grantor monies, and has audit-ready A/P and A/R processes.
Better Accounting & Tax. Ready For An Audit.
We helped this organization migrate from QuickBooks Desktop to QuickBooks Online and currently handle all bookkeeping duties following a staff retirement. Beyond bookkeeping services, we assisted this client with setting up and supporting a BILL implementation to improve audit readiness related to accounts payables.
In addition, we prepare and present board reports, handle 571Ls, retirement census reporting, prepare and file tax returns, and handle audit preparation. Our accounting, bookkeeping, and controller services allow this organization to have each number on their balance sheet tied to a supporting document. Also, our audit preparation services allow this client to recoup costs during audits since preparation is more cost-effective than sending unprepared books to an auditor.
Church bookkeeping support
Accrual/cash basis accounting & conversions
QuickBooks implementation & consultation
Accounts receivable (A/R) reporting
Fixed asset management
Accounts payable (A/P) services
Business expense tracking
Budget vs. actual financial analysis
Municipality licensing and registration
QuickBooks tune-up & consultation
Month-end close process management & advisory
Business, trust, estate, and gift tax return preparation
Tax compliance, reporting, and fiduciary accounting
International, state, and local tax (SALT) compliance and planning
Quarterly estimated tax calculations, payments, and payroll tax returns
S-corps and partnerships (1065s and Forms 1120s)
Sales and use tax return preparation and filing
Tax planning, strategy development, and structuring for buy-sell agreements
Tax incentive analysis
Depreciation & amortization
Tax due diligence for mergers and acquisitions
Managerial financial reports (quarterly/monthly)
Cash flow management
Cost control & cost optimization
Sales reporting and cash flow forecasts
Strategic financial decision-making
Tax compliance and regulatory advisory
Mergers, acquisitions, and dealmaker advisory
Investment and capital allocation
Tax planning
Practice valuation
TESTIMONIALS
Loved by Clients. Referred by Other Professionals.
OUR SOLUTIONS
Tailored To Your Industry's Needs
Businesses
From foundational bookkeeping to advanced financial reporting and analysis, our accountants equip you with information and insights you can trust so you make business decisions that are financially sound and aligned with your company’s goals.
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Nonprofit Organizations
We provide fund accounting, budgetary assistance, and other nonprofit accounting services to help you manage multiple funding sources, adhere to reporting requirements, and maintain transparency with donors in your organization.
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Dental Practices
Our dental accounting services allow dentists to focus on providing exceptional patient care while we provide support for the practice’s financial management, including bookkeeping, A/R and A/P services, tax advisory, and financial reporting.
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Construction Companies
Our firm offers job costing, profitability analysis, accounting, tax strategy, and bookkeeping for construction companies so builders can have the comprehensive financial reporting they need to maintain profitable operations.
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Law Firms
Trust accounting requires due diligence and detailed recordkeeping, in addition to reliable advisory services regarding partner compensation, cash flow analysis, expense allocation, and more. Our firm is a perfect fit for growth-minded legal professionals.
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Franchises
We provide detailed individual and multi-franchise accounting and bookkeeping services so you are clear on the financial performance. Our services include tax planning and preparation, new business advisory, QuickBooks support, and financial projections.
Churches
Our church accounting services help you track donations, maintain tax-exempt status, and allocate funds to support ministries and programs so your church has the financial reporting needed for sound financial health and so you can focus on your ministry.
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Hotels
Hotels face many accounting challenges, from cash flow planning for construction and expansion to managing daily financial operations and fulfilling tax reporting needs. Our hotel accounting services provide the necessary bookkeeping and financial reporting.
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Medical Offices
From revenue cycle management to financial reporting and bookkeeping, we provide healthcare accounting services that ensure you have the financial insights needed to improve and scale your medical practice.
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Serving organizations throughout the United States.
Since 2011, MBS Accountancy has been serving nonprofit and businesses located all over the United States from its central office in California. Our firm was recognized as a Top U.S. Firm by Forbes in 2021, 2022, and 2023, and Accounting Today selected us as the Best Firm for Technology in 2022.
Contact UsOur firm’s cloud accounting infrastructure, hybrid work model, and modern approach to communications and operations enable us to efficiently and securely serve businesses and not-for-profit organizations throughout the United States.
