ACCOUNTING FOR FISCAL SPONSORSHIP
At WCC, we specialize in providing expert CPA guidance on the unique accounting needs associated with fiscal sponsorships, ensuring transparency and compliance across all projects. With deep experience in nonprofit accounting, our services focus on structuring financial processes that align with fiscal sponsorship models, including Models A and C, to safeguard both sponsors and projects.
What we offer:
Our accounting for fiscal sponsorships covers comprehensive financial management, tracking, and reporting, tailored to meet the requirements of both sponsored projects and sponsoring organizations. Our most common services include:
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Set-Up and Structuring of Fiscal Sponsorship Agreements
Establishing financial protocols that comply with fiscal sponsorship regulations, providing clarity and control for both parties.
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Budgeting and Financial Planning
Helping sponsors and projects set up budgets, plan finances, and manage cash flow to ensure accountability and financial health.
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Ongoing Bookkeeping and Financial Reporting
Maintaining accurate financial records and generating customized financial reports to satisfy grantors, donors, and oversight bodies.
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Grant Tracking and Compliance Support
Ensuring that funds allocated by grants are used according to donor intent and compliant with applicable restrictions.
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Internal Controls and Risk Mitigation
Developing policies and procedures to protect against fraud and manage financial risks within fiscal sponsorship arrangements.
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Support During Financial Reviews and Audits
Providing accompaniment and documentation for any audit or review, ensuring that financial practices meet industry standards.
Let us guide you through the complexities of fiscal sponsorship accounting, creating a foundation of financial integrity and compliance so you can focus on achieving your mission.