Support for your next step
Non-Profit Bookkeeping & Reporting
Non-profit accounting means tracking restricted and general funds, giving the board clear reports and keeping CRA filing dates on a calendar, such as the T3010, which registered charities file within six months of year-end. We set up the books so a new treasurer can pick them up easily.
Brampton · GTA · Virtual support across Canada
How it works
Non-profit accounting, step by step.
Exactly what happens after you get in touch, starting with one 15-minute call.
- Today
Book 15 minutes
A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.
- The call
Funding and deadlines
We look at your organization, its funding and its filing dates.
- Set-up
Funds tracked in the books
Restricted and general funds tracked separately, based on your funding agreements.
- Agreed schedule
Plain board reports
Simple board reports on an agreed schedule, with CRA return dates on a calendar.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
Your starting point
Your organization needs to explain spending across programs and funding sources while keeping its board informed.
How we help
We maintain books, reconcile accounts, track agreed program or fund activity and prepare budget comparisons. Relevant annual filings, payroll and GST/HST requirements are reviewed within scope. Registered-charity work is separately confirmed.
THE WORK, EXPLAINED
What is included
- Routine bookkeeping and bank or other account reconciliation
- Program, project and fund coding agreed with management
- Restricted-funding records based on supplied agreements
- Board and management reports, budgets and cash-flow information
- Payroll and applicable GST/HST coordination
- Review and agreed coordination of applicable T2 and T1044 requirements
The exact work, period, timing, responsibilities and fees are agreed before starting. Services are not automatically included in every engagement.
What you can expect
Clearer management information, supporting schedules and an organized list of reporting tasks.
Non-profit and charity bookkeeping
Your board, your funders and CRA all want the same numbers, in different formats.
Common non-profit accounting problems, and how we help.
-
The problem
Restricted funds are tracked in a spreadsheet.
Money given for a purpose has to be shown as spent on that purpose.
The solutionFunds tracked in the books
We set up the books to track restricted and general funds separately.
-
The problem
The board gets reports nobody understands.
Volunteer boards need a short, clear picture of where things stand.
The solutionPlain board reports
We prepare simple monthly or quarterly reports for the board.
-
The problem
You're not sure which CRA return applies.
Registered charities file a T3010 within six months of year-end; some other non-profits file a T1044.
The solutionThe right return, on time
We check which returns apply to your organization and put the dates in a calendar.
-
The problem
The treasurer changes every year.
Each handover loses information.
The solutionRecords that survive a handover
We keep the books and routines in one place, so a new treasurer can pick them up.
Related services
Why owners trust Wealthy Wave
- Led by Chirag Kalra, Chartered Accountant (ICAI, India), with more than 12 years in accounting and tax
- Plain-language answers about your own numbers, with no jargon
- Bookkeeping, payroll, HST and corporate tax handled by one team
- We never ask for SINs, banking details or tax documents by text or WhatsApp
- A real office at 181 Queen St E, Unit 5, Brampton, with virtual support across Canada
Why set this up now?
Funders and CRA deadlines come round every year. Clean fund tracking from the start of a year saves a scramble at the end.
- Pick a time. 15 or 30 minutes, on Teams or at our Brampton office.
- We look at it with you. Your organization, its funding and its filing dates.
- You decide. The call comes with no obligation.
Prefer to write first? Send an enquiry. Or call (647) 606-1824.
General information only. Tax advice is given within an engagement, based on your own records.
ANSWERS BEFORE YOU START
Common questions.
Are registered-charity returns included?
Not automatically. Registered-charity and T3010 work must be separately confirmed, rather than assumed to be part of a non-profit bookkeeping engagement.
How are restricted funds tracked?
We use the supplied agreements and agreed coding structure to organize fund activity. Unclear restrictions or reporting interpretations are identified for confirmation.
Can the board receive regular reports?
Yes. We agree the frequency, format, supporting schedules and review process so reports fit management and board needs.
CONNECTED SUPPORT
Plan the next step.
A PRACTICAL NEXT STEP
Talk to us before
the deadline.
Share the service you need, your circumstances and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.