The short answer is no, we don’t support the IRS Form 990. However, many of our Financial Reports contain most or all of the financial information an accountant would need to prepare the appropriate Form 990. The following Financial Reports will be very useful in preparing a Form 990:
- Detailed Financials report
- Profit & Loss report
- Net Worth report
- Cash Flow report
You can read more about these Financial Report options here.
Examples of necessary data that isn’t in ISP:
- Number of voting members of the governing body
- Number of independent voting members of the governing body
- Total number of individuals employed in a calendar year
- Total number of volunteers
