Nonprofits RSS

Desktop, Nonprofits, Quickbook Online -

QuickBooks® Online or desktop? Your nonprofit or church may be considering using the popular accounting software program, but how are you to know which version would work best for your specific needs? Both QBO and the desktop versions are geared towards businesses, not nonprofits. (The Nonprofit desktop version has very minor tweaks, including some specific reports and the ability to change the names of customers to Donors or Members, but is still a business product.) Both QuickBooks Online and the desktop version require some extra steps to track grants, funds, and programs, but they are popular with the not-for-profit world...

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donor statements, Nonprofits -

Communicating with donors is a great way to keep your organization alive in their minds. Many donors only hear from the nonprofits they support twice a year-once when they ask for money and again when they receive their annual donor statement. Quarterly donor statements are a good way to thank your supporters, to let them know what good works are being done with their money, and can be a check against fraud. Additionally, if your supporters pledge or tithe, it is a pleasant way to show them how much is still due. Let's take each point individually. The donor statement...

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Nonprofits, Quickbook Online -

If your nonprofit or religious organization has been using the QuickBooks accounting system for several years, you may be wondering if it is time to look at their newer versions. Each year, Intuit (the maker of Quickbooks) offers a new version with some changes. Some years these changes are significant; other years, they are more cosmetic. The 2015 version includes a number of improvements for the outside accountant, but not so many for the end user. If you are currently using QuickBooks 2013 or 2014, I'd wait to upgrade after we see what will be introduced this fall for the...

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church, donation, gift cards, Nonprofits, Quickbook Online -

Does your organization receive donations through a website or via credit cards? Recording the discount charged by the card processor can sometimes be frustrating. If you are using QuickBooks, I recommend the following: Enter the donation through Sales Receipts or Receive Payments just like you would for cash, giving the donor the full credit for the gift. Go to the Make Deposits screen, select the donation or donations that make up the funds received in the bank. Next, leave the RECEIVED FOR column blank, choose the expense account for merchant fees, and enter the CLASS. The AMOUNT will be entered...

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church, Nonprofits, Quickbook Online -

With the start of a new year, many nonprofit organizations and churches are considering new accounting systems. If you are working with a nonprofit organization you feel passionate about, it is natural to focus on the mission and the programs. But equally important is the need to accurately track the financial tasks. I’ll be reviewing with you the five crucial elements necessary to maintain a strong financial system to fund your nonprofit’s mission. Internal accounting controls. Donors to an organization want to know systems are in place to keep the money and other assets safe and that they are being...

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