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NGO Balance Sheet

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Why Should I Use Auriga Accounting For NGO balance Sheet ?

Auriga Accounting has a team of balance sheet experts who can provide complete guidance of your NGO Balance Sheet.

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Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Balance Sheet

Complete your Balance Sheet

Your Ready NGO Balance sheet

Why Should I Use Auriga Accounting For NGO Balance Sheet ?

Auriga Accounting has a team of balance sheet who can provide complete guidance to NGO Balance Sheet.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for balance sheet

Complete your balance sheet

Your Ready NGO Balance Sheet

About NGO Balance Sheet

The Balance Sheet of an organisation is a statement showing its financial position on a particular date. The Balance Sheet prepared by Not-for-Profit organisations is like a business firm. The Balance Sheet shows the value of assets, liabilities, and capital funds at the end of the accounting year of the organisation on a particular date. It is prepared at the end of the accounting year after preparing the Income and Expenditure Account.

What is Balance Sheet ?

The Balance Sheet of an organisation is a statement showing its financial position on a particular date. The Balance Sheet prepared by Not-for-Profit organisations is like a business firm. The Balance Sheet shows the value of assets, liabilities, and capital funds at the end of the accounting year of the organisation on a particular date. It is prepared at the end of the accounting year after preparing the Income and Expenditure Account.

Then, you also need a good guide to perform all types of work. Auriga Accounting Private Limited do you best services in India, Delhi, Malviya Nagar, and Saket with full guidance and told Advantages about  NGO Balance Sheet. 

Benefits For Balance Sheet

  1. Assist banks in evaluating a firm’s net worth
  2. Helps investors make decisions
  3. Serves as a determiner for risk and returns
  4. Enables financial analysis

Documents Required for Balance Sheet

  1. Bank Statement
  2. Donation Report
  3. Asset Report
  4. Expenses Report

Online Process for balance sheet

Step 1: When the opening balance of the Capital Fund is not given, it is arrived at by preparing the Opening Balance Sheet. Opening Capital Fund is an excess of assets over the liabilities in the beginning. The surplus/deficit ascertained from Income & Expenditure A/c is added/deducted.

  1. Step 2: The net amount of the liabilities is shown on the liabilities side of the Balance Sheet. Liabilities already appearing in the previous year’s Balance Sheet should be seen as to whether any payment has been made against them.

Step 3: Assets appearing in the previous year’s Balance Sheet are adjusted for any sale, purchase during the year, and depreciation. If any part of the asset is sold, then the book value of an asset is deducted from the concerned asset. The difference between the book value and the actual sale proceeds is treated as profit or loss, which is shown in the Income & Expenditure A/c. On purchase of the new asset, the payment is shown on the payment side of the Receipts and Payment A/c.

Step 4: The adjusted value of the advance given is shown on the assets side of the Balance Sheet.

Step 5: The adjusted value of the expenses made in Income & Expenditure A/c will also appear on the Balance Sheet, i.e., Outstanding Expenses will appear on the liability side and Prepaid Expenses will appear on the assets side of the Balance Sheet.

How Auriga Accounting Helps You for Balance Sheet - Why Auriga

Auriga Accounting can assist in preparing a balance sheet through its systematic approach to financial management, which involves accurate bookkeeping, compliance, and reporting. Here’s how:

  1. Data Collection and Organization
  • Bookkeeping Services: Auriga Accounting ensures that all financial transactions are accurately recorded, categorized, and organized.
  • System Integration: It may integrate with accounting software (like QuickBooks or Xero) to gather data from multiple sources for streamlined processing.
  1. Preparation of Financial Statements
  • Trial Balance: Before preparing the balance sheet, Auriga Accounting compiles the trial balance to ensure that all credits and debits are balanced.

Adjustments: Any necessary adjustments (e.g., for accrued expenses, depreciation, or inventory valuation) are made to ensure the financial data is accurate.

  1. Compliance with Accounting Standards
  • Auriga ensures that the balance sheet complies with applicable accounting standards, such as GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
  1. Accuracy and Reconciliation
  • Bank Reconciliation: Matching bank statements with ledger entries ensures accuracy.
  • Ledger Reconciliation: Key accounts like receivables, payables, and inventory are cross-checked for errors.
  1. Customization for Business Needs
  • Depending on the business type, Auriga can customize the balance sheet to highlight critical metrics, such as current ratios or debt-to-equity ratios.
  1. Periodic Reviews and Updates
  • Monthly, Quarterly, or Annual Updates: Regularly updating the balance sheet provides an up-to-date financial picture.
  • Audit Support: Auriga can prepare the balance sheet in a format suitable for audits or regulatory filings.
  1. Periodic Reviews and Updates
  • Monthly, Quarterly, or Annual Updates: Regularly updating the balance sheet provides an up-to-date financial picture.
  • Audit Support: Auriga can prepare the balance sheet in a format suitable for audits or regulatory filings.
  1. Advisory Services
  • Beyond preparation, Auriga Accounting might offer insights based on the balance sheet to help with decision-making, such as improving liquidity or managing debts effectively.

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MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
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Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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