Accounting services for foundations and nonprofit organizations

Foundations are one of the basic forms of non-governmental organizations operating in Poland since 1984. Their presence in our everyday life has been constantly growing. Thus, the role of an accounting system in the functioning of a foundation becomes more and more significant. Such a system, apart from typical tasks concerning the fulfillment of statutory requirements, should provide efficient access to managerial information.

Being a legal person, the foundation is obligated to keep accounting records and prepare financial statements. The accounting and reporting of foundations are of a very specific nature due to the fact that such organizations operate on many levels, by concluding agreements of donation, sponsoring projects, implementing public activities, as well as by conducting their own operations for pecuniary interest.

One should remember that foundations utilize many sources of financing (contributions, donations, gifts, etc.) which is connected with the need to maintain evidence and prove that the obtained funds have been used in accordance with the declared goals. Within the scope of maintaining accounting records, the legislator allows foundations to apply simplified rules of accounting and preparation of financial statements. However, one should remember that the management of accounting records of a foundation, due to its specific nature and significant specialization, is not a simple task.

Accounting services for non-profit organizations

The team of MDDP Outsourcing has long-term experience within the scope of comprehensive services for foundations – by providing both accounting services as well as hr & payroll services. We apply solutions that, on one hand, will guarantee you effective and efficient handling of the accounting process, while on the other hand – allow the provision of reliable and ongoing management information for the founders, members of the foundation, or members of the management board.

MDDP Outsourcing provides the following accounting services for foundations:

• accounts management for foundations
• personnel and employee services
• accounting consultancy and tax services
• handling bank accounts, input of payments
• electronic circulation of documents, remote access to data and reports
• management reporting

We approach each customer individually, providing access to qualified specialists – from accountants and tax advisors to lawyers. Our goal is to render comprehensive services that meet the Customer’s expectations.

If you have any questions or would like to learn more about our offer, we highly encourage you to contact us or one of our stationary accounting offices: in Warsaw (Mazovian District) or in Katowice (Silesian District).