FINALAB ACCOUNTING OFFICE - WARSAW, UL. DOMANIEWSKA 37

Accounting for Foundations and Associations

Do you run a foundation or association? We will help you take care of accounting, reports, grants, and regulatory compliance. You focus on the organization’s mission – we’ll handle the accounting.

An NGO with a mission. We handle the accounting.

I recommend the FinaLab accounting office, thanks to which I was able to solve my tax problem very quickly. I was offered very reliable and professional help, and on top of all that, great contact with a specialist who answered all my questions and helped me find the best solution. Support at the highest level! I highly recommend them!

Robert Furmanek

Opening hours: Monday-Friday: 09:00 - 17:00 | hello@finalab.pl | +48 725 352 674

Accounting for Foundations and Associations in Warsaw

Do you have a foundation or association but get lost in accounting and reporting obligations? Are you unsure how to account for a grant or what to report to the KRS (National Court Register)? Specific regulations, accounting for grants and donations, potential business activities, and reporting are all challenges that require specialized knowledge.

You don't know how to account for grants, donations, and membership fees.
You have trouble recording paid and unpaid activities.
You're not sure if you need to file a CIT-8 form or a financial statement.
You lack support in dealing with government offices and the KRS.
You fear making mistakes that could block the organization's future operations.
Or perhaps for years, the accounting of your foundation or association hasn't been a priority for you?

FinaLab – Professional accounting for foundations and associations in Warsaw

We provide services for foundations and associations – from registration to financial reports. Our experts, familiar with the specifics of the NGO sector, will help you organize your finances, ensure compliance with regulations, and support the mission of your organization.

We provide full and simplified accounting for non-governmental organizations.
We account for grants from municipalities, ministries, funds, and donations.
We file financial statements and CIT-8 forms when required.
We help separate statutory activities from business activities.
We provide support in contacts with the KRS, government offices, and banks.
We help settle any arrears.

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Dedicated Support

At FinaLab, every client receives support from a dedicated accountant. This is your personal advisor who will not only meticulously manage your books but also answer your questions and proactively inform you about important matters. We build relationships based on trust and understanding of your needs. In case of questions or doubts, we are in constant contact with our clients. The relationships and substantive support are always overseen by Justyna and/or Norbert – the company owners.

By choosing FinaLab, you gain

Specialized Knowledge and Experience: Accounting services fully adapted to the requirements of the NGO sector.
Financial Transparency: Clear and reliable reports that build the credibility of your organization.
Support in Fundraising and Fund Accounting: Assistance in managing grants and donations.
Security and Compliance: Minimized risk of errors and problems with authorities.
Individual Approach: Services tailored to the size and specific activities of your foundation/association.
Consulting and Advisory: Not just accounting, but also substantive support.

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Why is it worth contacting?

If you feel that accounting is taking up too much of your time, you are afraid of errors in your settlements, or you are lost in the maze of regulations – a free call to FinaLab is the first step to solving these problems.

Who will you talk to?

We reply within 24 hours

Are you just starting your business?

If you are starting a business, contact us to take advantage of our accounting office’s attractive „starter” offer. We
offer comprehensive assistance in setting up a business.

FAQ

Does every foundation and association have to maintain full accounting?

As a rule, foundations and associations are required to maintain accounting ledgers, i.e., full accounting, in accordance with the Accounting Act. However, it is possible for some non-governmental organizations, including associations, to keep a simplified revenue and expense ledger (UEPiK) if they meet certain conditions, such as not conducting business activities and not having public benefit organization (PBO) status.

What are the basic reporting obligations for foundations and associations?

The main obligation is to prepare an annual financial statement, which must be signed and submitted to the appropriate authorities, such as the Head of the National Revenue Administration. This statement includes, among other things, a balance sheet, a profit and loss account, and additional information. Public Benefit Organizations (PBOs) have additional reporting obligations.

Can an NGO conduct business activities, and how does this affect accounting?

Yes, non-governmental organizations can conduct business activities, but the profit from them must be used for a statutory purpose. This requires the proper separation of this activity from statutory activities in the accounting books. It is also necessary to maintain accounting records in a way that allows for the settlement of the result from business activities and its taxation.

Does every organization have to file a CIT-8 form?

Not always, but many organizations – even those not conducting business activities – have this obligation. We will check this for you.

Do you offer a virtual office for foundations?

Yes – we provide a virtual registered address in attractive locations, with mail handling services.

What is the simplified revenue and expense ledger (UEPiK) and when can an NGO use it?

The simplified revenue and expense ledger (UEPiK) is an alternative to full accounting ledgers, available to some non-governmental organizations. It can be used, among others, by rural housewives’ associations and organizations that do not conduct business activities, do not have public benefit organization (PBO) status, receive income exclusively from specific sources, and their revenues for the previous year did not exceed PLN 100,000.