Running a nonprofit means you’re constantly juggling passion with paperwork. Between fundraising, reporting, and community impact, keeping your finances clean and compliant can feel overwhelming. That’s where Velu steps in—offering expert nonprofit bookkeeping, accounting, CFO guidance, and tax help that keeps you mission-focused.
If you’re searching for nonprofit accounting services that are accurate, affordable, and tailored to your cause, Velu is the trusted partner you’ve been looking for.
Why Nonprofits Struggle with Accounting and Bookkeeping
Common Financial Challenges Nonprofits Face
Misclassified Donations and Grants
Nonprofits often struggle to properly classify restricted vs. unrestricted funds. Misclassifications can lead to audit red flags or compliance issues.
Volunteer-Run Finance Teams
Many organizations rely on part-time help or volunteers for bookkeeping. While well-intentioned, this approach can lead to errors, inconsistencies, and missed deadlines.
Complex Reporting Requirements
Nonprofits must regularly file Form 990, track program vs. administrative spending, and meet grantor reporting standards—far more complex than standard business accounting.
Here’s the deal: Without nonprofit-specific accounting support, even well-run organizations can run into major compliance headaches.
Why Velu is the Best Choice for Nonprofit Accounting Services
Specialized Expertise in Nonprofit Finance
A Team That Understands Your Mission
Velu is based in Omaha, NE but serves clients nationwide. Their accountants aren’t just number crunchers—they’re deeply familiar with nonprofit accounting rules, FASB standards, and IRS regulations.
Bookkeeping Built for Nonprofits
Velu handles your day-to-day bookkeeping, including:
- Donation and grant tracking
- Fund allocation
- Reconciliations
- Payroll & expense categorization
They use cloud-based tools like QuickBooks Online, so you can access real-time financials wherever you are.
Outsourced CFO Services that Drive Growth
For organizations that have outgrown basic accounting, Velu offers outsourced CFO services. Get strategic guidance on:
- Budgeting and forecasting
- Financial modeling
- Donor reporting
- Scenario planning
You don’t need a full-time CFO to make big moves—you need Velu.
How Velu Helps with Nonprofit Taxes
Navigate Tax-Exempt Compliance with Confidence
990 Filing—Done Right, On Time
Velu ensures your IRS Form 990 is filed accurately and on time, protecting your 501(c)(3) status. They know how to report:
- Program vs. admin expenses
- Executive compensation
- Public support tests
State-Level Compliance
Tax requirements don’t stop at the federal level. Velu handles state charity registrations, sales tax exemption certificates, and any multi-state filings you need.
Donor Acknowledgements and Receipt Rules
From donation receipts to in-kind gift documentation, Velu ensures you’re IRS-compliant—and donor-friendly.
💡 Quick Tip: Did you know nonprofits must issue receipts for any donation over $250? Velu automates this process, keeping your donors happy and your books audit-ready.
Real-World Example: Omaha-Based Youth Organization Saves Time and Money
One Omaha youth nonprofit came to Velu overwhelmed by disorganized spreadsheets and missing receipts. Within 60 days, Velu:
- Migrated their finances to QuickBooks
- Cleaned up two years of backlogged transactions
- Filed Form 990 on time for the first time in 3 years
- Helped secure a $25,000 grant with clear financial reporting
Today, that nonprofit has full transparency, confident compliance, and more time to focus on their programs—not paperwork.
The Velu Advantage: Tools, Transparency, Trust
What Makes Velu Stand Out from Other Accounting Firms?
Transparent Pricing—No Hidden Fees
Velu believes in flat-rate pricing tailored to your organization’s size and needs. No surprise hourly bills. No contracts you can’t cancel.
Nationwide Nonprofit Experience
Although Velu is located in Omaha, Nebraska, they work with 501(c)(3) organizations across the United States, including education, health, advocacy, and religious sectors.
Friendly Support from Real Humans
You’re not just another client in a spreadsheet. Velu offers:
- Dedicated account managers
- Monthly check-ins
- On-demand support for board meetings or audits
On top of that, they genuinely care about your cause—and it shows in their work.
What Services Does Velu Offer Nonprofits?
Full-Scope Financial Services to Fit Any Stage of Growth
Velu’s nonprofit accounting services include:
- Bookkeeping
- Categorizing income and expenses
- Bank and credit card reconciliation
- QuickBooks setup and maintenance
- Categorizing income and expenses
- Accounting
- GAAP-compliant reports
- Monthly financial statements
- Grant and fund tracking
- GAAP-compliant reports
- Virtual CFO
- Budget forecasting
- Strategic financial advice
- Custom dashboards for board reporting
- Budget forecasting
- Taxes
- Federal and state nonprofit tax filings
- IRS Form 990
- Donor receipt documentation
- Federal and state nonprofit tax filings
Whether you’re a startup nonprofit or a well-established organization, Velu scales with your needs.
Frequently Asked Questions
H2: Nonprofit Bookkeeping and Tax Help FAQ
Q: Does Velu only work with nonprofits?
A: Velu specializes in nonprofit accounting but also serves mission-driven small businesses and social enterprises.
Q: Can Velu help clean up my current books?
A: Absolutely. Velu offers catch-up bookkeeping and cleanup services to get your finances back on track.
Q: What tools does Velu use?
A: Velu uses QuickBooks Online, Gusto, Bill.com, and other nonprofit-friendly tech stacks. They’ll even train your staff to use them effectively.
Q: What’s the onboarding process like?
A: Velu offers a free consultation, followed by a customized onboarding plan. They’ll review your goals, current financials, and timeline—then build a strategy that works for you.
Key Benefits of Choosing Velu for Your Nonprofit
What You Gain When You Partner with Velu
✅ Accuracy and Compliance: Avoid IRS penalties and grant issues.
✅ More Time for Your Mission: Let Velu handle the numbers so you can focus on impact.
✅ Scalable Support: From simple bookkeeping to full CFO-level strategy.
✅ Personalized Service: No generic templates—just custom financial help for your unique needs.
✅ Nationwide Reach, Local Expertise: While based in Omaha, Velu serves nonprofits across the U.S.
“Working with Velu felt like getting a financial partner, not just a service. They helped us grow smarter and stay compliant every step of the way.”
— Executive Director, Nonprofit Client in Iowa
Ready to Get Your Finances in Order?
Choosing the right accounting partner can make or break your nonprofit’s growth. With Velu, you’re not just hiring a bookkeeper—you’re gaining a mission-aligned, nonprofit-focused team that gets it.
👉 Ready to simplify your nonprofit’s finances?
Schedule a free consultation with Velu today and take the first step toward financial clarity.
