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Financial Services

Bookkeeping & financial management consulting

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We can reduce the stress of dealing with finances or help you with improvements to your financial systems. More than 120 organization contract with us to manage their books, while they manage their mission.  Many more tap our expertise for 990 preparation, financial policies, setting up financial systems and more. Our services are designed to work for nonprofits of all sizes - those just getting started to those that speak nonprofit accounting fluently.

Let us take the guesswork out of contracting for bookkeeping, payroll, Form 990 preparation, and other financial services. We select financial service staff who have years of practice with nonprofits and they are supervised by Duane Landon who is a CPA and Enrolled Agent – and also has an MPA and an MBA! And our team will ensure your needs are met even if your financial services associate is unavailable to you due to illness or a vacation.

We offer ongoing contracted financial services either through regularly scheduled services provided in your offices or “virtually.” For virtual services we coordinate with you through online accounting software and by phone and email. Virtual services are ideal for smaller organizations, particularly those that do not have an office or have few staff.

501 Commons’ Tax and Accounting service provides Form 990 preparation and assistance with more complex accounting needs. Note that we do not conduct financial reviews or audits but can refer you to some excellent firms in Washington State. Additionally, you can contract with us for consulting on budgeting, financial policies, internal controls, financial management trainings and more. We make sure your financial management systems are robust, easily understood, and relevant to your organization.

For inquires please complete a Request for Assistance Form, or contact Financial Services Client Engagement Manager, Samantha Lemke at samantha@501commons.org or (206) 682-6704 ext. 108.

For contracted financial services, please keep in mind that we onboard clients quarterly as new staff are hired. Please let us know as soon as you can that you want to use our services so that we can get you set up to start services when needed.

On-site and Virtual Financial Services

We can provide financial and bookkeeping services, form 990 preparation, payroll processing and interim financial management "virtually."

Tax and Accounting

501 Commons also offers tax preparation services for 990s, state returns, and city returns.

Project-based Consulting

Our staff team and Executive Service Corps experts can provide you with consultation about a challenging situation you’re facing at the moment.