Get NGO Audit and Accounting Done with Narula Gupta & Co.

Ensure thorough Non Profit Accounting with expert assistance from Narula Gupta & Co.

In order to keep up with government regulations, many businesses take up CSR activities. To make sure these run smoothly, it is important to have detailed accounting, conduct on-time audits, file ITR for Trust, and have policies for internal control.

We offer the below range of services:

1.Registration Services

To set up any Not for Profit Organization, Charitable Trust, or Society, the first step is applying for registration. These include:

• Registering your organization with the government as per its design, i.e., an NGO, Trust, or Society.
• Applying for documentation that allows it to pay income tax as well as apply for exemptions
• FCRA registration that allows the organization to receive foreign donations

With expert help from Narula Gupta & Co., set up your NGO with ease.

2.NGO Tax Compliance

NGOs, Trusts, and Religious Organizations are exempt from paying income tax for most donations and earnings made when registered under Section 12AA. These usually come from:

• Donations that are made voluntarily
• Anonymous donations
• Properties held
• Assets held

While anonymous donations are taxable as per the contribution being made, all others can be exempted on the right grounds. 

Let our experts ensure that you can maintain compliance while running your NGO with ease.

3.Financial Statement Audits

Colloquially termed NGO Audits, these should be done periodically to make sure of the following:

• Maintaining transparency regarding the accounts
• Acts as a part of due diligence
• Assesses social impact
• Allows the donor to identify any risks associated with the NGO
• Improves public image and trust

With regular audits by Narula Gupta & Co., you can boost faith and attract better donations, while allowing people to learn of your social impact.

4.Analysis of Expenses Allocation

Since the costs of running an NGO are borne mostly via donations, nonprofit accounting plays a huge role in the allocation of funds to different categories. 

The usual categories are:

• Program Services
• Overheads
• Fundraising 

Make sure your funds are disturbed among tasks in a manner that allows smooth running with our experts.

5.Evaluation of Internal Control

Having Internal Controls is essential to ensure

• Transparency, 
• Compliance
• Risk mitigation
• Better governance

Our experts can help you lay down a set of Internal Controls to build up the trust of your donors.

6.Forming Accounting Policies & Procedures

Following the right practices is crucial when accounting for Not For Profit Organisation. Not only does this aid legal and tax compliance but it also ensures that the authorities in charge take up procedures that ensure:

• Better cash handling
• Recognition of sources of income and expenditure
• Maintaining an accounting circle
• Upholding of compliance norms
• Prevention of financial fraud

Allow experts from Narula Gupta & Co. to make accounting policies that ensure easy processing.

7.Cash Flow Projection

To make sure your Trust/ NGO can keep its doors open and help the society, it’s important to have sufficient monetary support. Using a cash flow projection, you can:

• Identify your sources of income, expenses, and potential issues
• Plan your resources 
• Making decisions related to expansion and strategy

With proper projections from our experts, you can review, adjust, and monitor your cash flow to get an accurate financial picture.

8.Finance Personnel Training

In order to have the daily financial transactions occur smoothly and maintain proper records, it is important to have trained personnel. Let the experts from Narula Gupta & Co. train your workers on how to maintain financial records to make sure they comply with legal norms.