BOOKKEEPING & PAYROLL FOR HOUSING NONPROFITS

Bookkeeping services for housing nonprofits you can trust

Affordable and supportive housing is the foundation of a healthy community. Enkel provides accurate, reliable bookkeeping and payroll services for housing nonprofits, supportive housing societies, and shelters across Canada, so your team can focus on providing homes, not reconciling accounts.

Get a quote

Trusted by hundreds of nonprofits across Canada

Accurate, reliable bookkeeping for housing nonprofits

Managing the finances of a housing nonprofit is highly complex. You are navigating multiple funding streams, including CMHC grants, provincial housing authority subsidies, tenant rents, and municipal funding, while managing property expenses and capital projects. Accurate, reliable books are essential to maintaining funder trust, passing audits, and ensuring the long-term sustainability of your housing portfolio.

At Enkel, we work with many hundreds of nonprofits and charities across Canada. We understand the specific reporting requirements and financial pressures facing housing societies. Let us handle your bookkeeping and payroll while you focus on housing your community.

Fund Accounting & Capital Projects

Housing nonprofits often manage a complex mix of operating funds, capital replacement reserves, and restricted grants for new developments. Our team of experienced nonprofit bookkeepers tracks revenue and expenses by fund and property, provides monthly financial statements, and supports your CPA with year-end audits and your T3010 Registered Charity Information Return.

CMHC & Provincial Reporting

Transparency with government funders is non-negotiable. Whether you report to the Canada Mortgage and Housing Corporation (CMHC), BC Housing, or another provincial authority, we will generate custom financial reports for each funder so every dollar is accounted for and spent in accordance with your operating agreements. This ensures compliance and supports future capital funding applications.

Rent Collection & Property Expenses

Managing tenant rents, subsidies, and property maintenance expenses requires precise tracking. We help you establish clear processes for tracking rental income, managing accounts payable for property maintenance, and reconciling bank accounts, providing your board with accurate financial reports to evaluate each property's performance.

Payroll for Diverse Teams

Housing nonprofits often have diverse payroll — full-time property managers, part-time supportive housing workers, contract maintenance staff, and overnight shelter staff. Enkel manages your payroll accurately and on time, including CRA remittances, T4s, and Records of Employment, so your team is paid correctly and your compliance obligations are met.

Get a Quote

Our Partners

I think outsourcing accounting services is the way of the future for nonprofits. The philanthropic world is reluctant to fund costly operations and administration because it takes dollars away from the core mission. Not only am I getting great, multi-disciplinary accounting services from Enkel, but my costs to get that level of service are way lower than they would be if I had to hire all of the people to do the work, and then manage them day-to-day.

- Rebecca Pauls, Executive Director, PLAN

Read case study

Enkel improved our monthly and quarterly financial reporting processes. Better reporting enables team members to make better programming decisions, and provides the Board with greater clarity about the organization’s current status.

- Tina Strehlke, Executive Director, Minerva BC

The nonprofit expertise that Enkel brings to the table is incredibly valuable. The communication is exceptional and the established processes are just brilliant. The team is always there to answer our questions and get us back on track. With Enkel, you get the whole package at a very affordable rate. It’s great value.

- Deb Schmitz, Executive Director, BC Hepatitis Network

Get a Quote from Enkel!

Why Canadian Nonprofits Choose Enkel for Bookkeeping Services? Speak to us about financial operations and management services for your organization, and you will understand why.

Get a Quote

Why Housing & Supportive Housing Organizations Need a Dedicated Bookkeeper

Most nonprofit leaders didn’t get into this work to manage spreadsheets. But without a dedicated bookkeeper who knows the nonprofit sector, organizations face real risks. These include misused grant funds and inaccurate T3010 filings. They also include board reports that miss the true financial picture. Year-end audits can also take much longer than they should.

A nonprofit bookkeeper understands fund accounting. They know the difference between restricted and unrestricted revenue. They follow CRA rules for registered charities. They can prepare the reports that funders need. That specialized knowledge is the difference between books that simply exist and books that actively support your mission.

FAQs

A nonprofit bookkeeper records and sorts all financial transactions for a nonprofit or charity. They manage fund accounting to track restricted and unrestricted funds separately. They prepare monthly financial statements. They support CRA compliance, including T3010 filings. They also create reports for the board and funders.

The cost of nonprofit bookkeeping in Canada depends on the size and complexity of your organization. Outsourced bookkeeping services usually cost a few hundred to several thousand dollars per month. They are often cheaper than hiring a full-time in-house bookkeeper. This is true when you include salary, benefits, and training.

Fund accounting is an accounting method used by nonprofits and charities to track money by its designated purpose. Instead of one pool of funds, each grant, donation, or revenue stream is tracked in a separate “fund.” This helps ensure restricted funds are spent as the donor or funder intended. It also helps your organization stay accountable and CRA-compliant.

Most Canadian nonprofits need both. A bookkeeper handles day-to-day transaction recording, payroll, and monthly reporting. An accountant (CPA) handles year-end financial statements, audits, and tax filings including the T3010. Enkel offers both services through one outsourced team. This gives nonprofits bookkeeping, controllership, and fractional CFO support in one place.

Yes, and many do. Outsourcing nonprofit bookkeeping to a firm like Enkel gives organizations a full team of finance professionals. It costs less than hiring an in-house team. It also ensures continuity when staff turn over, which is a common challenge in the nonprofit sector.

Bookkeeping & Payroll Resources for Nonprofits

Guide to Scenario Planning for NPOs

Scenario planning is a strategic planning method used by organizations to plan for the long term and manage uncertainty. Download our free guide to learn about the 4 step framework to scenario planning.

Download free guide

Importance of Internal Controls in a Nonprofit Organization

Creating and maintaining a strong internal control system is one of the most important steps that nonprofit organizations (“NPO”) and charitable organizations can take to mitigate risk. Learn more.

Learn more

Fund Accounting Basics for Canadian Nonprofit Organizations

Many NPOs choose to track and report on their finances using fund accounting—an accounting system that uses the restricted fund method.

Learn more

deferral vs. restricted fund accountingArtboard 2

Deferral vs. Restricted Fund Method For NPOs

In accounting for charitable contributions for Canadian non-profits, accountants have two choices to consider: deferral and restricted fund contribution revenue recognition.

Learn about Deferral vs. Restricted Funds

Year-End Accounting Checklist for Not-for-profit organizations

Closing the year can be a confusing process for not-for-profit organizations. Our year-end accounting checklist outlines the tasks required to close.

Year-end Checklist

4 Great Reasons To Outsource Your Nonprofit’s Bookkeeping

If you’re struggling to juggle your non-profit’s bookkeeping requirements, here are 4 great reasons why you should consider outsourcing these duties.

Reasons to outsource