Meghan O’Neil, CPA

Meghan is a member of AAFCPAs’ Managed Accounting Solutions practice, providing accounting infrastructure set-up, and high-quality, cloud-based accounting services for nonprofits and private foundations. She oversees the execution of accounting services, manages processes that require attention to detail, and relieves clients of the burden of day-to-day transactional activities.

Meghan collaborates with management to define financial processes and implement infrastructure, and advises clients on business improvements for internal controls and accounting processes. She simplifies the process of setting up or migrating financial operations to the cloud, including customizing the charts of accounts and streamlining processes to facilitate all regulatory reporting as required by management and funding sources.

Meghan provides oversight of staff in the execution of accounting procedures, including: processing of AR/AP, payroll, and monthly general ledger account reconciliations. She assists management with regulatory compliance and guidance concerning audit and tax return preparation. For foundation clients, Meghan provides guidance on the complexities associated with the IRS’ Form 990-PF tax rules, including monitoring distributions and strategies to mitigate significant excise tax related to investment sales transactions.

Meghan provides informative monthly or quarterly financial packages, featuring critical financial data, which enables management to see quickly if there are adjustments needed in operations. She provides budgeting and cash flow projections, budget versus actual comparisons, and the associated checks, balances, and financial controls to guide nonprofit performance.

Meghan has a keen understanding of the needs of nonprofit executive management, boards of directors, grantors, donors, and nonprofit regulators. She provides strategic financial and operational consulting solutions and oversees procedures to ensure the finance function runs smoothly.

Education

• Worcester State University – Master of Science in Management, Concentration in Accounting
• Worcester State University – Bachelor of Science, Business Administration, Concentration in Accounting, summa cum laude

Certifications

• QuickBooks ProAdvisor
• Bill.com Expert