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accountant beside you, church, Nonprofits, Quickbook Online, religious organization -

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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accountant beside you, church, churches, nonprofit, Quickbook Online -

As the end of January approaches, there is still so much to do with the accounting records. It is time to get the IRS required 1099s to the vendors whom we paid throughout the year. For each non-incorporated vendor whom your organization paid over $600/year, Forms 1099 Misc. are required to be submitted to the IRS. Copies of these forms must be sent to the vendors by the end of January. The IRS must receive a transmittal (Form 1096) and the 1099s by the end of February. The most difficult part of the 1099s is determining who should receive them....

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church, nonprofit, Quickbook Online -

You've cleaned up the old pledges or tithes that we discussed last week and now it is time for year-end contribution statements. I know I promised to talk about independent contractors this week, but I've been getting a number of questions regarding the year-end contribution statements, so 1099s will wait until next time. If you are using QuickBooks, you can design an annual contribution statement letter to print out for all donors and then attach the list of donations from the Sales by Customer Detail report. It isn't as smooth as using a designated donor database-type system, but it does...

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chart of accounts, church, Desktop, nonprofit, Quickbook Online -

Cleaning up the Chart of Accounts by Merging Accounts in QuickBooks Over the year, you may have wished you had set up your QuickBooks chart of accounts differently. Perhaps there are too many account numbers or the information doesn't consolidate on the financial statements the way you would like. Look at the reports you are giving to the executive director, pastor, or governing board and listen to the questions they have been asking. If you find yourself having to prepare spreadsheets or answer the same questions each month, ask yourself, "Could I use the chart of accounts to group this...

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church, Desktop, how to buy QuickBooks, nonprofit, Quickbook Online, religious organization -

As the new year starts, I know there are a number of organizations thinking about changing their accounting systems. In case you are wondering whether you can use QuickBooks in a nonprofit environment, I recorded this video to show both the pros and cons. It is focused towards churches, but covers most of what other nonprofit organizations have to consider. Though the system isn't for every organization, if you think QuickBooks may work for you, please consider my books, Using QuickBooks for Nonprofit Organizations, Associations, & Clubs or QuickBooks for Churches & Other Religious Organizations. The step-by-step instructions and hundreds of illustrations make...

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