The accounting system for Charities and Community Interest Companies should be set up in a way so that, special reporting requirements are met without much hassle. Due to various reporting requirements to be met, the charity should be able to capture the following.
- Restricted funds
- Project costs
- Functional costs
Apart from that, your charity might have some bespoke needs. Please let us know about your needs and we will be more than happy to come up with solutions.
Stringent reporting requirements mean you will need specialist charity accountant. We have found that even experienced accountants do end up dropping the ball when it comes to charity accounting. We can proudly say that we have a vast experience dealing with UK charity accounting.