Accounting for foundations

Foundation accounting and reporting

Foundations have been one of the basic forms of NGOs in Poland since 1984. Their presence in our daily life is constantly increasing. Hence, the role of the accounting system in the functioning of foundations is becoming increasingly important, which, in addition to the typical tasks of meeting statutory requirements, should provide effective access to management information.

As a legal entity, the foundation is obliged to keep accounts and prepare financial statements. Accounting and reporting of foundations is characterized by considerable specificity resulting from the fact that these organizations operate on many levels, concluding donation agreements, sponsoring projects, implementing public activities, as well as conducting their own activities of a paid nature.

Accounting services for non-profit activities

The team of Aider Polska (MDDP Outsourcing) in accounting offices in Katowice and Warsaw has many years of experience in providing comprehensive services to foundations - providing both accounting and payroll services. We use solutions that provide you with, on the one hand, effective and efficient control of the accounting process, and on the other hand, enable you to provide reliable and up-to-date management information to the founders, foundation members, or management board.

Aider Polska (MDDP Outsourcing) provides the following services to foundations:

bookkeeping of the foundation's accounts,
HR and payroll services,
accounting consulting and tax services,
handling bank accounts, entering payments,
electronic workflow, remote access to data and reports,
management reporting.

A personalized approach

We take an individual approach to each client, providing access to qualified specialists - from accountants to tax advisors to lawyers. Our goal is to provide a comprehensive service that meets the Client's expectations.

It should be borne in mind that the use by the foundation of various sources of funding (contributions, grants, donations, etc.) involves record-keeping obligations and the demonstration that the funds obtained were allocated in accordance with the declared objectives. The legislator, when keeping accounting records, allows foundations to apply simplified accounting principles and prepare financial statements. It is worth remembering, however, that keeping the accounts of foundations, due to their specificity and considerable specialization, is not a simple task.