Empowering Charities and Not-for-Profits with Financial Excellence

Your strategic partner for accuracy, compliance & financial clarity

We provide Canada-wide virtual services exclusively in this sector because we care deeply about the people and organizations that want to make the world a better place. Empathy and engagement with your vision and mission are keystones of our communications and client interactions.

Why is Sector Specialization Important?

As a leader in the NFP sector, you want to focus on your mission; not on whether you are charging the right amount of tax on a membership or whether appropriate forms have been correctly filed with Canada Revenue.

There are many aspects of bookkeeping, financial reporting and government filings that are unique to the charity and not-for-profit sector. A few examples include:

- Fund/Grant budgeting

- Unique revenue streams such as membership, conference/event registrations, sponsorships,

project grants
- Annual audit/review engagement thresholds as

set out in Canadian and provincial laws
- Public Service Body Rebate filings
- Collecting and remitting appropriate

GST/HST/PST based on appropriate sector

specific and CRA “place of supply” rules
- Endowment tracking and fund utilization per

organizational policies
- Unique government filings (T3010, T1235, T2,

T1044)

Our Services

Bookkeeping

Overseen by Controllership staff (CPA)

Bookkeeping is the unsung hero of business operations. It's the behind-the-scenes work that keeps everything running smoothly.

Accurate and timely bookkeeping is essential not just for statutory compliance but for strategic decision-making. As there are no government standards on the profession (anyone can call themselves a bookkeeper), it can be hit or miss when it comes to the quality of the work. All bookkeeping work with Key Impact Accounting is overseen by a Chartered Professional Accountant so you can rest assured that quality and competence is taken very seriously.

While many organizations will ask office or program staff to handle bookkeeping tasks, this work, done well, is more than just basic data entry. Leveraging the specialized knowledge and expertise of an experienced bookkeeper, only paying for the hours you need, is ultimately more efficient and less expensive. The data in your books is clean, detailed and accurate. This means your regular financial reports are accurate and for decision making, you always know where your finances stand.

Fractional Controllership/CFO Services

At Key Impact Accounting, we not only support our bookkeepers with the expertise of a CPA, we offer the option of additional insights to support your growth and operational excellence.

Technology Management

In this world of rapidly advancing technology including cloud storage, software and artificial intelligence, we partner with best-in-class service providers to ensure your data is secure. We access many software discounts available to charities and not-for-profits and can cost effectively optimize not just accounting software but also a variety of database applications including donor, membership and event management systems as well as email, file storage and communication tools.

Get in Touch

Feel free to reach out to us for any inquiries, collaborations, or accounting and bookkeeping services tailored for charities and not-for-profits.
We are here to listen, assist, and collaborate in advancing your mission.