Outsourced Accounting & Advisory/ Nonprofit Accounting & Advisory Services

Financial confidence for people doing mission-driven work

We help you streamline your financial operations so you can focus on your organization’s mission. At hfco, we support nonprofit executives with a comprehensive, wraparound approach to accounting and finance services, freeing you to focus on what you do best and empowering you to lead your organization with confidence.

Nonprofit leaders need more than financial reports. They need practical budgets, confident board meeting preparation, streamlined processes, and assurance of regulatory compliance. As your organization grows, we are with you at every step. No matter the transactional services we provide, we bring deep nonprofit expertise and a commitment to elevating your overall operations, not just your accounting.

An all-encompassing approach to nonprofit financial management

hfco’s Nonprofit Accounting and Advisory Services (NAAS) cover every dimension of your organization’s financial life, from bookkeeping and grant reporting to board governance support, audit preparation, and custom financial procedures.

Every service is delivered by advisors with deep nonprofit expertise and a genuine understanding of what mission-driven organizations need to operate effectively and grow with confidence.

We help you streamline your financial operations through:

7 Reasons Your Business Needs a Valuation

Before a great strategic plan comes a clear-eyed assessment of where you are today.

A proper business valuation provides an objective understanding of what your company is truly worth giving you the clarity needed to make informed decisions around growth, ownership transitions, and long-term planning. This guide is designed to help you better understand where valuation fits into your business strategy and how it can uncover opportunities, reduce uncertainty, and position you to move forward with confidence.

When we launched our nonprofit, we didn’t fully realize how essential a strong accounting firm would be. Then we met Mig and her team, who quickly became an integral part of our success—helping us grow strategically while keeping our finances in order. We wouldn’t be where we are today without their expertise and support!

Ian Shannon, Executive Director

Majority Rising NC

What nonprofits ask about our accounting & advisory services

What makes hfco's nonprofit accounting services different from a general accountant?

Our Nonprofit Accounting & Advisory (NAAS) practice is staffed by advisors with deep nonprofit expertise. We work exclusively with nonprofits, so we thoroughly understand grant compliance, Form 990 preparation, audit readiness, net assets accounting, and the governance needs of nonprofit organizations. We also bring advisory capability such as: controller-level oversight, strategic financial planning, and board support. We serve as our clients’ outsourced controller and advisory CFO.

Does hfco attend board meetings?

Yes. As part of our governance and strategic support services, we can attend board meetings and provide board-level financial training. We understand that your board needs to fully comprehend the financial statements and reports to fulfill its governance responsibilities, and we design our reporting and training accordingly.

Can hfco help us prepare for our annual audit?

Yes. Audit preparation is a dedicated service area within our NAAS practice. We assist with internal control documentation, account reconciliations, audit schedule preparation, closing journal entries, and financial statement preparation, giving your auditors exactly what they need and minimizing the disruption to your staff.

Does hfco help with grants management?

Yes. Grants management, including grant reporting, review of expense allocations, and review of supporting documentation, is a core part of what we do for nonprofits. We understand the specific compliance requirements of federal, state, and private foundation grants.

Is an initial consultation free?

Yes, our initial consultation is complimentary.

Meet your nonprofit accounting & advisory team

Our NAAS practice is staffed by advisors with deep nonprofit expertise. We work alongside your executive director/CEO, finance staff, and board to deliver the financial clarity your organization needs to lead with confidence.