Financial resources and insights

Financial Insights to Help You
Make Smarter Decisions

Free guides, tax tips, checklists, and articles from the Acela team — designed to keep you informed and financially confident throughout the year.

Articles, Guides & Resources

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checklist Nonprofit

Nonprofit Financial Management Checklist

A comprehensive checklist to ensure your nonprofit meets all financial reporting, grant compliance, and IRS requirements.

guide Nonprofit

Understanding Form 990: A Guide for Nonprofits

Everything nonprofit leaders need to know about preparing, reviewing, and filing Form 990 accurately and on time.

guide Audit & Compliance

Preparing for Your Annual Audit: Work Paper Guide

Step-by-step guidance on organizing your financial records and work papers to ensure a smooth, efficient external audit.

guide Accounting

Cash Flow Forecasting for Small Businesses

Learn how to build reliable cash flow projections that help you plan ahead, avoid shortfalls, and make confident decisions.

guide Nonprofit

Grant Compliance Essentials for Nonprofits

Key compliance requirements and best practices for managing restricted grants, reporting to funders, and maintaining eligibility.

guide Nonprofit

Nonprofit 990 Filing Guide

A comprehensive guide to understanding and preparing your nonprofit's Form 990 tax return.

checklist Bookkeeping

Bookkeeping Checklist for Small Businesses

Monthly bookkeeping tasks every small business owner should complete to stay organized.

guide Audit & Compliance

Understanding Audit Preparation

Learn how to prepare your organization for an external audit and what auditors look for.

article Accounting

Cash Flow Management Tips

Practical strategies for managing your business cash flow and avoiding common pitfalls.

Frequently Asked Questions

Everything you need to know about our services, process, and how we work with clients.

What services does Acela Financial Services offer?
Acela Financial Services specializes in Bookkeeping, Accounting, Nonprofit Accounting, and Audit Schedule & Work Paper Support. We provide comprehensive financial management services to help businesses and nonprofits maintain accurate, compliant financial records.
What types of businesses and organizations do you serve?
We serve small to mid-sized businesses, nonprofit organizations, independent professionals, and executives across the United States (DC, Maryland, Virginia). Our services are tailored to meet you exactly where you are.
Is the initial consultation really free?
Absolutely. Our initial consultation is 100% free and carries no obligation. We will review your needs, answer your questions, and walk you through how we can help — all at no cost to you.
Do you offer remote services for clients outside New York?
Yes. While we are rooted in the across the country regions, we provide remote accounting and advisory services to clients across the United States. All client meetings can be conducted via phone or video conference.
Do you work with nonprofit organizations?
Yes, we specialize in nonprofit accounting, including 990 preparation, exemption determinations, grant tracking, fund accounting, and ensuring your organization remains compliant with federal and state regulations.
What is included in your bookkeeping service?
Our bookkeeping services include monthly bank reconciliation, income statement preparation, balance sheet maintenance, general ledger management, accounts payable/receivable tracking, and unlimited consultations. We customize every engagement to fit your specific workflow.
What accounting software do you work with?
We work with a variety of accounting platforms including QuickBooks Online, QuickBooks Desktop, Xero, and others. As a Certified QuickBooks ProAdvisor, our team has deep expertise in QuickBooks setup, training, and ongoing support.
What is Audit Schedule & Work Paper Support?
Our Audit Schedule and Work Paper Support service helps your organization prepare for external audits. We organize financial data, prepare audit schedules, compile supporting documentation, and ensure your records are audit-ready — reducing stress and audit costs.
Do you specialize in nonprofit accounting?
Yes — nonprofit accounting is one of our core areas of expertise. We provide fund accounting, Form 990 preparation, grant management, compliance reporting, and financial statement preparation specifically designed for nonprofits.
How do I submit a service request?
You can submit a service request through our website contact form or client portal. Once submitted, you will receive a unique ticket ID. Please save this ID to track your request status. You can check status updates anytime by entering your ticket ID and email address.
How do I check my service request status?
To check your service request status, visit our client portal and enter your unique Ticket ID along with the email address you used when submitting the request. Your ticket ID was provided in your confirmation — if you cannot locate it, please contact us directly.
What is Audit Schedule & Work Paper Support?
This service involves preparing and organizing all the financial schedules, reconciliations, and supporting documentation that external auditors need to complete their audit. We ensure your records are complete, accurate, and well-organized so your audit proceeds smoothly.
Are your accountants certified?
Yes. Taiwo Bolarinwa, our Managing Director and CEO, is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA). He is a member of the AICPA and NYSSCPA, and a Certified QuickBooks ProAdvisor.
How do I get started or submit a service request?
You can get started by clicking "Request a Consultation" anywhere on our site, or by visiting the Contact page to submit a service request. After submission, you will receive a Ticket ID — save it to track your request status at any time.
How do I track my service request?
Visit the Track My Request page and enter your Ticket ID (format: AFS-XXXXXX) along with the email address you used to submit. You will see real-time status updates and any messages from our team.
What areas do you serve?
Acela Financial Services serves clients in New York and the DMV (DC, Maryland, Virginia) area, as well as clients nationwide through our virtual CFO and remote accounting services.
Do you offer virtual/remote services?
Yes! We provide full virtual accounting and CFO services, making our expertise accessible to businesses and nonprofits regardless of their physical location.
Who leads Acela Financial Services?
Acela Financial Services is led by Taiwo Bolarinwa, CPA, CGMA — a Certified Public Accountant, Chartered Global Management Accountant, and Certified QuickBooks ProAdvisor. He is a member of both the AICPA and the NYSSCPA.

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