fundraisers RSS
Accounting for Gift Card Fundraisers
Many grocery stores and other businesses offer gift cards to nonprofit organizations at a discounted rate to use as a fundraiser. This allows the nonprofit to buy the gift cards at a discounted value, sell them at face value, and keep the difference. If your organization participates in this type of fundraiser, you will need policies and procedures to safeguard the cards and account for the transaction properly. Store cards are like cash and controls should be in place to protect them. Keep the cards in a secure location. Designate one person (without access to the accounting records) to be...
Tags
- All
- 1099
- account numbers
- accountant beside you
- audit
- bookkeeping
- chart of accounts
- church
- churches
- classes
- congregation
- credit memos
- deductions
- Desktop
- donation
- donor
- donor statements
- fraud
- fundraisers
- gift cards
- how to buy QuickBooks
- improvements
- independent contractors
- internal controls
- inventory
- investment
- IRS
- items
- mileage rates
- mileiq
- mission trips
- multi-monitor
- nonprofit
- nonprofits
- organization
- pledges
- prepaid pledges
- press release
- Preventing Fraud
- Quickbook Online
- QuickBooks
- quickbooks desktop 2018
- Radio Interviews
- refund checks
- religious organization
- self employed
- stock
- tax reform
- TCJA
- Techsoup.org
- tracking
- vendor
Church Accounting: The How-To Guide for Small & Growing Churches
From $19.95
BANISH Your Bookkeeping Nightmares--The Go-To Guide for the Self-Employed to Save Money, Reduce Frustration, and Satisfy the IRS
From $9.95
QuickBooks for Churches & Other Religious Organizations
From $19.95
Using QuickBooks For Nonprofit Organizations, Associations & Clubs
From $19.95