What we offer

Charity Accounting Services

Find detailed information about the services Charity Essentials offers:

Bookkeeping

Accurate, transparent, and timely

Managing day-to-day finances can be overwhelming for charities. With our expert bookkeeping services, you’ll never have to worry about missing transactions, miscategorised donations, or inaccurate records. Our professional team ensures your financial data is always up-to-date, transparent, and fully aligned with CRA guidelines.

What we handle:

Day-to-day transaction recording
Donation tracking and receipting
Fund accounting
Payroll processing
Monthly reconciliation and reporting
Maintenance of audit-ready records
Compilation of T3010

With Charity Essentials, you’ll always have a clear financial picture so you can confidently report to your board and stakeholders.

Controllership

Oversee your financial health with confidence

As your organization grows, so does the complexity of managing its finances. Our controllership services provide a hands-on approach to ensure everything from budgeting to cash flow management is handled with the highest level of professionalism and accuracy.
With 15 years of experience, we’ve developed the expertise to streamline your financial processes, minimize errors, and provide detailed, actionable insights.

What we offer:

Budget management and monitoring
Financial policies and internal controls
Cashflow and reserve management
Regular reporting to your board
Coordination with auditors to ensure a smooth audit process
T3010 and other CRA reporting

Our controllers take ownership of your financial systems, so your team is free to concentrate on fundraising, outreach, and delivering impactful programs.

Fractional CFO

Strategic leadership without the full-time cost

For many charities, having a full-time Chief Financial Officer (CFO) isn’t financially feasible, yet the need for high-level financial leadership remains. Our fractional CFO services bridge this gap by providing expert financial strategy, planning, and oversight—when and where you need it.
With Charity Essentials, you’ll have access to a CPA-designated CFO who brings 15+ years of experience in helping charities navigate financial complexity.

Services include:

Long-term financial planning and strategy
Budgeting and forecasting
Fund allocation and grant management
Risk management and financial compliance
Support with financial presentations to donors and the board

With our fractional CFO, you can make informed decisions that ensure your organization’s financial sustainability while keeping costs low.

Financial Analysis

Transform data into actionable insights

Making informed decisions requires a deep understanding of your financial data. At Charity Essentials, we go beyond the numbers, providing in-depth financial analysis tailored to the unique needs of your organization. Our team helps you turn financial data into insights that drive efficiency and maximize the impact of your resources.

We help with:

Financial statement analysis
Cash flow analysis
Trend identification and benchmarking
Efficiency and cost-saving analysis
Key performance indicator (KPI) reporting

Our financial experts provide you with the clarity and insight you need to make strategic choices, ensuring your organization remains healthy and mission-focused.

Strategic Planning

Aligning Your Financials with Your Mission

Making informed decisions requires a deep understanding of your financial data. At Charity Essentials, we go beyond the numbers, providing in-depth financial analysis tailored to the unique needs of your organization. Our team helps you turn financial data into insights that drive efficiency and maximize the impact of your resources.

Every charity has a vision, but achieving it requires careful planning. Our strategic planning services guide your organization in setting long-term financial goals and developing a roadmap for sustainable growth. Drawing on our extensive experience, we provide insights that help you manage resources effectively while staying aligned with your mission.

Our strategic services include:

Long-term budgeting and growth forecasting
Fundraising strategies and financial planning
Reserve and endowment fund management
Donor and grantor financial reporting
Risk assessment and contingency planning

By integrating financial planning with your organizational goals, we help ensure that your charity is well-positioned to grow and thrive in the years to come.

Charity Essentials reviews

Some of our most recent reviews

“Prompt and clear communication…”

I have had the pleasure of working with Andrey Timofeev at CharityEssentials for our National Foundation since August 2023.
Andrey has been a tremendous asset and guide as we move ahead. His prompt and clear communications makes our work as volunteers easier and provides the Board and I with a high level of confidence.
I am happy to provide a recommendation for Andrey and his firm and look forward to a long working relationship having skilled professionals on our team.

Glenn A. O’Connor, BLA, OALA, FCSLA, ASLA

Member Board of Directors in Treasurer Landscape Architecture Canada Foundation

“Streamlined reporting and insights for informed decision-making”

Our Canadian charity has been doing aid and development work in Africa. Andrey Timofeev has worked with us for over 10 years in every aspect of the financial management of our charity. He has ensured that our accounting processes are accurate and transparent, helped us navigate the complexities of working overseas and saved our team countless hours by streamlining our financial reporting.

He has ensured that we have always been in compliance with the CRA, that our board has the financial information it needs and makes himself available on short notice when we need a quick opinion or advice. Andrey has the ability to analyze and present complex financial data in a way that is simple to understand and use. His knowledge, skills, and experience have been essential to the success of our work. Charity Essentials provides a vital service for charities like ours.

Natalie Watson

Managing Director of the Bopoma Villages

“CRA compliance with ease…”

Charity Essentials has been a game-changer for our organization. Their team not only handled our bookkeeping and CRA compliance with ease, but they also gave us the financial insights we needed to make smarter decisions. Thanks to them, we’ve been able to focus on our mission without worrying about the numbers. Highly recommend their services to any charity looking for expert support!

Alex Lvinsky

Director of Tropinka Camps

“Congregation always knows where we stand financially”

Andrey at CharityEssentials has been reliable and accurate in managing our church’s finances. His expertise ensures that our financial reports are always clear, detailed, and easy to understand for our congregation. His passion to ensure the charity's books are in order and we stay compliant with CRA regulations comes across in everything he does. We highly recommend the services of CharityEssentials.

Terrance Borisenko

Pastor at Slavic Evangelical Baptist Church

“They help us focus on our mission”

Charity Essentials has been an invaluable partner for our charity mission. Their deep knowledge of filing the T3010 and handling HST rebates has been crucial in keeping us compliant and maximizing our financial efficiency. Their expertise has taken the stress out of our financial management, allowing us to focus fully on our mission. We highly recommend their services to any charity needing reliable, knowledgeable support!

Alex Krupin

Founder and Director of the Embrace a Street Child Ministry (Kenya)

“Introduced easy-to-use templates”

Charity Essentials has been a blessing to our church! Everything from financial reports to annual filing made our experience stress-free. They introduced easy-to-use templates, making our processes smoother. We highly recommend their reliable, knowledgeable support!

Parish Council of St. Seraphim Church, Orthodox Church in America

St. Seraphim Orthodox Church

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