Overview
NGO Accounting – Complete Overview
What is NGO Accounting?
NGO Accounting refers to the systematic recording, classification, and reporting of financial transactions of a Non-Governmental Organization. It ensures proper utilization of funds, transparency in operations, and compliance with statutory and donor requirements.
Importance of NGO Accounting
Proper accounting helps NGOs track income and expenses, manage grants and donations efficiently, and maintain financial discipline. It also builds credibility with donors, funding agencies, and government authorities while supporting long-term sustainability.
Scope of NGO Accounting Services
NGO accounting covers bookkeeping, preparation of income & expenditure statements, balance sheets, fund-wise accounting, donor reporting, and maintenance of statutory registers. It also includes compliance support for audits and annual filings.
Who Requires NGO Accounting?
NGO accounting is essential for trusts, societies, and Section 8 companies engaged in charitable, educational, religious, or social welfare activities, especially those receiving donations, grants, CSR funds, or government assistance.
Why Choose NYAYAPATH LEGAL LLP for NGO Accounting
NYAYAPATH LEGAL LLP provides end-to-end NGO accounting services with a focus on accuracy, compliance, and transparency. Our expert team ensures proper record-keeping, timely reporting, and compliance with all applicable laws, allowing NGOs to focus on their core social objectives.
