Payroll, Accounting & Financial Management in NYC

Payroll and Accounting Built for New York Nonprofits

 

YMS Management has run payroll and accounting for New York City nonprofits, pension funds, and public agencies since 1985. We work with community-based organizations contracted to DYCD, providers under ACS, DOE partners, and City-funded programs across the five boroughs — organizations whose finance operations answer to funders, auditors, and City deadlines all at once.

 

Nonprofit payroll processing

We run weekly, biweekly, semimonthly, and monthly pay cycles, handle payroll taxes and year-end filings, manage garnishments and benefit deductions, and produce W-2s and 1099s. Where most payroll bureaus stop, we keep going: allocating payroll costs across multiple grants and contracts so your cost allocation holds up when a funder asks for backup.

 

Managed accounting and fiscal agent services

Full-cycle bookkeeping, monthly closes, and audit-ready financials — built around fund accounting and restricted-revenue tracking rather than retrofitted from commercial accounting. As a fiscal agent, YMS has held that role for NYC organizations for four decades.

 

Grant and contract compliance

Budget modifications, expense reporting, voucher preparation, and PASSPort and NYC vendor support. We know City contracts, City reporting, and City deadlines, because we have been meeting them since 1985.

 

Why nonprofits choose YMS

Most payroll providers treat nonprofits as small businesses with an unusual tax status. That assumption breaks the moment a grant needs allocating or an auditor asks how a salary was split across three funding streams. YMS was built for this work specifically — the fund accounting, the grant compliance, and the City relationships are the core of the practice, not an add-on.

Whether you are moving off an in-house process, replacing a provider that does not understand restricted funds, or standing up finance operations for a growing organization, YMS is ready to step in.