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Nonprofit Accounting Overview for Accountants
 
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A key difference in for-profit and nonprofit accounting is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. A specialized financial software for nonprofits and churches can be a dynamic tool, and often requires the assistance of an accountant to configure correctly. This webinar serves as an in-depth guide on how you can use fund accounting to fit the accounting structure of your nonprofit clients, including chart of accounts set-up, and nonprofit-specific financial reporting. This session is ideal for professional accountants and bookkeepers who are considering a fund accounting software to manage their clients needs . Instructor Alex Acree, Head of the Customer Services Department of Aplos Software, has worked with hundreds of nonprofits and churches in setting up their accounts and building the reports they require. He will give a detailed lesson on how to accomplish this for your nonprofit and church clients. Learning Objectives: - Understand basic fund accounting principles and practical application - Create common chart of accounts structures for nonprofit and churches and understand customization options - Understand specialized nonprofit financial reporting, including generating a Form 990 report
Views: 7990 Aplos
5 Step Guide to Budget Development - Resources for Nonprofit Financial Management
 
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Presentation describing a team-based approach to budget development, including goals, personnel and process. http://www.wallacefoundation.org/knowledge-center/Resources-for-Financial-Management/Pages/A-Five-Step-Guide-to-Budget-Development.aspx
Views: 25174 Wallace Foundation
Nonprofit Accounting Basics | Vlogcast #5 | Araize Academy
 
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In episode #5 of the Araize Academy Vlogcast series, watch and learn how nonprofit accounting differs from for-profit accounting and how this impacts your organization. Read more: http://www.araize.com/hidden-gems-about-nonprofit-accounting-revealed/ What Sets Nonprofit Accounting Apart From For-Profit? Nonprofit accounting is the best way to measure success in terms of fulfilling your nonprofit mission. While many aspects of for-profit and nonprofit accounting are similar, such debit, credits, tracking and reporting of income and expenses, assets and liabilities, there are significant differences that make nonprofit accounting much more complicated. What is Nonprofit Accounting? Unlike for profit businesses that exist to generate profits for their owners, nonprofits exist to pursue a mission that addresses specific needs of society. So the bottom line for a for profit businesses is making sure that revenue exceeds expenses to make a profit. Whereas the bottom line for a nonprofit is fulfilling its mission. Because of these fundamental differences and the rules set in place by Accounting Standards Organizations the focus for nonprofits is not profitability but accountability. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management and learn how to achieve your financial goals.
Nonprofit Accounting Basics Course
 
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Nonprofit Accounting Basics - Online Course Learn More: https://www.araize.com/nonprofit-financial-management-course-registration/ Master nonprofit accounting and empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Become an expert in non profit financial management. Highlights of the online course include: *Fund Accounting *Functional Accounting *Internal Controls *Government Compliance *Transparency and Accountability *Nonprofit Chart of Accounts *Nonprofit Budgets *Nonprofit Financial Statements *Nonprofit Direct and Indirect Cost Allocations *Nonprofit FASB Rules This course will help you save time and money on audit fees Online Learning - access anytime, anywhere on any device ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Best Practices: Choosing a Nonprofit Accounting Software
 
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Watch as Gary Volland provides a great overview of how as a Nonprofit organization you should choose an accounting solution that's right for your requirements. For more information download our eBook: https://goo.gl/yDC6ka
Views: 114 The Resource Group
Managing Grants & Fund Accounting for Nonprofits
 
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View this 3-minute video to see how nonprofits can automate grant and fund transactions while accelerating processing time and reducing data errors.
Views: 2628 BroadPoint, Inc.
Lee Institute:  Nonprofit Finance and Accounting for Board Members
 
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Produced by the Lee Institute in Charlotte, North Carolina, this video is part of the “Greater Good: Becoming A Nonprofit Board Member” training series. This learning session is taught by Beth Allen and Kaumil Shah of Greer Walker and addresses nonprofit finance and accounting for boards of directors. The Lee Institute is deeply grateful to PNC Bank and the Reemprise Fund for their support of these videos and the Greater Good series. To learn more about the Lee Institute and the services it provides to nonprofits, governments, foundations and community groups, please visit leeinstitute.org
Views: 80 The Lee Institute
How to Start a Nonprofit Organization
 
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Getting ready to start a nonprofit organization? Use this guide to learn all the steps needed to complete the formal process of starting a nonprofit organization. Download a Free Nonprofit Startup Kit at: https://www.StartaNonprofit.net for a step by step guide and all the resources you need to start a nonprofit organization! Aplos Nonprofit Software: https://www.aplos.com Interested in taking our free 5-day accounting course for nonprofits? Sign up here: https://www.aplos.com/academy/nonprofit/nonprofit-accounting/nonprofit-accounting-5-day-email-course/
Views: 76937 Aplos
Performance Evaluation for Not-for-Profit Organizations | Governmental Accounting | CPA Exam FAR
 
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Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The most commonly used measure of not-for-profit efficiency is the program expense ratio. This is calculated as program service expenses divided by total expenses and provides an indication of the extent to which a not-for-profit is dedicating its resources to programs as opposed to administration, fund-raising, and membership development. The program expense ratio may be calculated from the Statement of Activities or from information reported in the Form 990. For example, the program expense ratio. Fund-raising efficiency is another measure of performance that expresses how much an organization spends in raising a dollar of donations. The fund-raising efficiency ratio is calculated as fund-raising expense divided by contribution revenues. Working capital ratio is the ratio of working capital (current assets – current liabilities) divided by total expenses. The ratio provides a measure of how long a not-for-profit could sustain its operations without generating new revenue.
Nonprofit Accounting | Nonprofit Financial Management | Webinar
 
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Learn how to become sustainable through transparency and accountability. Watch and find out how your nonprofit can thrive and meet financial goals through proper nonprofit financial management. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - http://demo.araize.co [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Nonprofit Accounting Online Course | Financial Management
 
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Learn the fundamentals of nonprofit accounting and empower your organization to achieve your mission-based goals. Learn More: https://www.araize.com/nonprofit-financial-management-course-registration/ Essential training for nonprofit financial managers and accountants. Teaches you the basics of nonprofit financial management to help your organization become more sustainable and accountable to your funding sources. Become an expert in non profit financial management. Highlights of the online course include: *Fund Accounting *Functional Accounting *Internal Controls *Government Compliance *Transparency and Accountability *Nonprofit Chart of Accounts *Nonprofit Budgets *Nonprofit Financial Statements *Nonprofit Direct and Indirect Cost Allocations *Nonprofit FASB Rules This course will help you save time and money on audit fees Online Learning - access anytime, anywhere on any device ****************************** Want to take control of your nonprofit finances and become more accountable and sustainable? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Intro to Nonprofit Accounting | Fund Accounting | Araize Academy
 
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Want to take control of your Nonprofit Financial Management? [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo What does it take to become a sustainable nonprofit? Like any business you need a sound business plan but for nonprofits, this plan must include both your mission and financial management of your organization. What separates nonprofits from for-profit businesses? It's not about profits. It's about fulfilling your mission while being accountable to your funding sources. As a nonprofit, you must account for every dollar that comes into your organization and every dollar that goes out. This means knowing the who, what and why of all your revenue and expenses. Without the right accounting knowledge and tools, these tasks can be difficult, confusion and frustration to maintain. Understanding nonprofit financial management empowers you to take control of your finances and achieve your mission. ****************************** Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management and learn how to achieve your financial goals.
Step 4: Obtaining Your EIN - Starting a Nonprofit Organization in 5 Easy Steps
 
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(To get access my new 13-Point Startup Nonprofit Checklist with lots of free downloads and training go to http://www.heroes.do/13-point-nonprofit-startup-checklist now! OR - want it all done for you? Start a 501c3 for as low as $67 per month (1 year contract) - go to https://heroes.do/form-and-file-1023/ now. You'll get incorporated, get your Tax ID #, and get your 501(c)(3) IRS approved FAST using software and with help from real people. In this video at www.youtube.com/watch?v=AeuU3OYT8qI, Christian LeFer covers Step 4 of "Starting a Nonprofit Organization in 5 Easy Steps": Obtaining Your Employer Identification Number (also known as Tax ID Number). Please "Like" this video and leave a comment! Like and Follow our new, updated resources! www.facebook.com/heroesdo www.twitter.com/heroesdo
Views: 21642 GetNonprofitStatus
What Is Nonprofit Functional Accounting? | Vlogcast #7 | Araize Academy
 
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Nonprofit organizations are subject to unique accounting and reporting requirements Expenses must be reported by Functional Area: Support Services and Program Services 1. Support Services Management and General – Day to day administrative activities such as management, accounting, human resources and governance. Fundraising – Activities related to appeals for support through donations and fund raising events. Program Services - Activities related to providing the services for your mission. Readers of your financial statements, such as donors are interested in understanding the relationship between an organization’s program expenses and its supporting expenses. This helps answer the “why” question regarding an organization’s expenses. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
QuickBooks Cloud For Nonprofit Accounting
 
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QuickBooks Nonprofit software has enabled nonprofits and charities to manage fund accounting, track expenditures and allocate resources for specific programs in a better way. But the lack in real-time accessibility of QuickBooks application and data from any location or any device, along with restriction in third-party business application integration on the local system presents many challenges to nonprofit accounting. This video discusses why QuickBooks Cloud is better for non-profit and charity organizations than using QuickBooks traditionally on your local system. QuickBooks Cloud simplifies fund accounting by offering - a) Accessibility to non-profit and charity organization's critical data anytime, anywhere. b) Security to your donors and donations list and other charity data better than your local system as QuickBooks cloud service provider offers total protection. c) Easy integration with nonprofit applications for easy data sharing and sync with QuickBooks software. Manage nonprofit accounting on Ace Cloud Hosting's high performance and secure servers today! Visit: https://goo.gl/Kg3SiV #QuickBooksHosting #Nonprofit #Charity #Accounting #QuickBooksForNonprofit
Views: 26 Ace Cloud Hosting
Example: Contribution Revenue for Not for Profit | Not for Profit Accounting Course | CPA exam FAR
 
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Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Use-Restricted Contribution, Time Restricted Pledge, Temporarily Restricted, Conditional Contribution
Introduction - Government And Not-For-Profit Accounting
 
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A key objective of financial reporting is to provide information about an entity’s financial performance during a specified period. Financial accounting and reporting, however, are concerned almost exclusively with the goal of maximizing either profits or some variant of it, such as cash flows. The financial reports of governments and not—for—profits can provide information about an organization’s inflows (revenues) and outflows (expenditures) of cash and other resources. If the financial statements of a government or not-for—profit incorporate only monetary measures, such as dollars and cents, they cannot possibly provide the information necessary to assess the organization’s performance. Governments and not—for-profits are governed mainly by their budgets, not by the marketplace. In sum, expenditures drive revenues. A government or not—for—profit’s release of its annual report is customarily ignored by both organizational insiders and outsiders. For governments and not-for—profits, the budget takes center stage— properly so, because the budget is the culmination of the political process. Because it is so important, the budget, unlike the annual report, is a source of constituent concern and controversy. Constituents of an organization want information on the extent of adherence to the budget. They want to know whether revenue and expenditure estimates were reliable. The accounting system and the resultant financial reports must be designed to provide that information. Currently, few governments and not—for-profits have established budgetary and accounting systems to measure and report adequately on the nonmonetary aspects of their performance. Government Accounting. Understand the characteristics that distinguish governments and not-for-profit organizations from businesses (for-profit entities). Identify the features that distinguish governments from not- for-profits. Identify authoritative bodies responsible for setting GAAP and financial reporting standards for different governmental and not-for-profit entities. Governments and not—for—profit organizations have much in common with businesses. However, the differences between the two environments are sufficiently pronounced that business schools have established a separate course in governmental and not— for—profit accounting apart from the usual accounting courses—financial accounting, managerial accounting, auditing, and information systems.
Views: 4745 Faithful Runner
Not For Profit Accounting (VHWO's, Revenue Vs Support, Program Vs Supporting Services, Funds, Etc)
 
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Accounting for Private Not For Profit Organization (Voluntary Health & Welfare Organizations), VHWO's, understanding accounting for (1) Where is Funding $ Comming From & How Its Spent ??, (2) Any Restrictions on Funds or Resources received ??,(A) Distinction between Revenue & Support, (B) Distinction between Expenses Function of Organization (Primary Mission*) Program Services Vs Supporting Services, Temporary (Donor) Restriction* Expires When: (a) Stipulated time has elapsed, (b) Stipulated purpose has been fulfilled, (c) Useful Life of donated has ended (Can Reclassify To Unrestricted After Restrictions Expire), Use Normal Accrual Accounting, not Modified Accrual & Report Contributions & Investments At Fair Value , detailed accounting by Allen Mursau
Views: 1376 Allen Mursau
Nonprofit Accounting in the Cloud ERP
 
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Brought to you by Empower Business Solutions. Get in touch with [email protected] or [email protected] to learn more! Nonprofit Accounting Software in the Acumatica Cloud ERP.
Views: 99 NonProfitPlus
Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR
 
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www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Government and not‐for‐profit organizations establish their accounting systems on a fund basis. In governmental and not‐for‐profit accounting, the term fund has a different meaning than it does in business accounting. In business accounting, funds typically refer either to working capital (current assets less current liabilities) or to selected elements of working capital (such as cash and investments), and only a single accounting entity is used to account for all the activities of a business. The crux of nonbusiness accounting is fund accounting, and it forms the basic building block of governmental accounting and financial reporting. It is an accounting device that an entity uses to keep track of specific sources and uses of funds. In governmental and not‐for‐profit accounting, a fund is a fiscal and an accounting entity. Each fund has its own self‐balancing set of accounts from which financial statements can be prepared. Thus governmental and not‐for‐profit entities customarily use several funds—that is, sev- eral fiscal and accounting entities—to account for their resources and activities. A government’s fund structure rarely mirrors its organizational structure. The number and types of funds that a governmental entity uses is not dependent upon its size but rather upon how the government is organized, its sources of revenue, and the services it provides.
Live Demo: Nonprofit Fundraising
 
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Join us for a live demo of Salesforce for Fundraising. From online campaigns and analytics to tools for frontline fundraisers and major gifts officers, Salesforce helps your nonprofit strengthen relationships with every supporter. See how the Nonprofit Success Pack (NPSP) and marketing automation can help you connect with donors and raise the resources your organization needs. Presented by a Salesforce.org Solution Engineer.
Views: 6426 Salesforce.org
Nonprofit Accounting Methods: Cash vs Accrual
 
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http://bit.ly/accounting-methods Nonprofit accounting methods for small nonprofits are very different and more complicated than those for for-profit businesses. READ MORE: http://bit.ly/accounting-methods ****************************** Want to take control of your nonprofit management and become more accountable and sustainable? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Intro to Nonprofit Finance Pt 1
 
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Presented by Linshuang Lu Praxis Consulting 2011 For The Capstone Institute for Christian Nonprofit Excellence
Views: 9903 Sam Harrell
Not For Profit Accounting (Colleges & Universities, Basic Accounting For Different Fund Groups)
 
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Not-For-Profit Accounting for Colleges & Universities, Private Vs Public Colleges & Universities have differences In accounting for external purposes but both use similar Accounting for internal purposes (Looking at that), College & University Accounting is similar to other Not-For-Profit Organizations for setting up Donor Restrictions $ Received (External Restrictions), example would be for Grants received & how the $ can be spent, account for Asset resources by setting up Fund Asset Categories, External (Donor) restrictions on how Funding $ should be Spent (Time & Purpose Restrictions), Funds are structured around the Rule for (Restricted $), if Restricted Funding $ is received do not recognize Revenue & Expense until after $ are spent for the intended purpose, review the different Funds including, Current Unrestricted Fund: Unrestricted $, accts. for current assets available to cover current operational costs, no Limitations on how $ are spent on resources received, Current Restricted Fund: Restricted $, accts. for current assets available to cover current operational costs where some Limitations exist on resources received from an external entity (Donor), additionally looking at Types of Endowment Funds, (including gains & losses), Annuity Life income Funds, Etc., detailed accounting by Allen Mursau
Views: 13065 Allen Mursau
Using QuickBooks to Ensure Your Nonprofit Is Audit-Proof: Accounting for NGOs
 
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Video from NetSquared Vancouver's April 3 meetup. Nonprofits have it tough. Not only are you working with a limited budget, you are also required meet a high level of compliance. Concerns and confusion around compliance can eat up precious resources and distract you from achieving your mission. If your nonprofit doesn't have its books in order, then ensuring you are compliant with tax regulations can be a real drain on resources. Accounting software can help, but only if you know how to use it effectively. In this workshop, Bob Wang and Jean Elwell of Legacy Advantage share some guidance on how to run an audit-proof nonprofit. In the presentation they focus specifically on QuickBooks (desktop version available through TechSoup Canada's product catalogue), but many of their insights and best practices are applicable to any accounting system. https://www.meetup.com/net2van/events/245927439/
Best Practices in Financial Management for Nonprofits
 
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Wendy Stewart, Senior Vice President and Senior Client Manager at Bank of America and Rachel Epps Spears, Executive Director, Pro Bono Partnership of Atlanta discuss financial recordkeeping and reporting, investment policies, and internal controls to help nonprofits remain financially fit. 0:10 About Foundation Center 1:43 About Pro Bono Partnership 6:43 Why should you care about good financial management? Help us -- and your peers -- by adding more timepoints to this video! Use comments to send us times and topics. More at GrantSpace: http://grantspace.org/tools/multimedia/video/Best-Practices-in-Financial-Management-for-Nonprofits-2009-08-05 Visit us at http://www.grantspace.com for more helpful resources. Visit the new Foundation Directory Online (FDO) YouTube channel: https://www.youtube.com/channel/UCds-B13qxofgUn9REH6NBOw/videos
Views: 2388 Candid
Step 1: Naming Your Non-Profit - Starting a Non-Profit Organization in 5 Easy Steps
 
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(To access free training and download your 13-point Nonprofit Startup Checklist, go to http://www.heroes.do/13-point-nonprofit-startup-checklist now! OR - want it all done for you? Start a 501c3 fast and easy - go to https://heroes.do/form-and-file-1023/ now. We'll get you get incorporated, get your Tax ID #, and get IRS approved using software and with help from real people. In this video at www.youtube.com/watch?v=D7LSO2qNypM, Christian LeFer covers Step 1 of "Starting a Non-Profit Organization in 5 Easy Steps": Naming Your Organization. Please "Like" this video and leave a comment! Like and Follow our new, updated resources! www.facebook.com/heroesdo www.twitter.com/heroesdo
Views: 101571 GetNonprofitStatus
FASB Not-For-Profit Grant and Contribution Accounting
 
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FASB members and staff discuss the new proposal intended to improve not-for-profit grant and contribution accounting.
Fund Accounting, Municipality - Government And Not-For-Profit Accounting
 
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Fund Accounting Accounting system designed to prevent governments and not—for—profits from inadvertently misspending restricted resources. As with budgetary mandates, violations against restrictions carry serious consequences. Ownership Interests Neither governments nor not—for—profits have defined ownership interests like those of businesses. no stockholders or bondholders who are entitled to receive residual resources. Internal and External reportings are less distinctive compare to business' accounting reportings. Municipality a municipality is a village, town, or city. it's also refer to any other nonfederal government, including school districts, public authorities, and even states.
Views: 829 Faithful Runner
Governments vs. Not-For Profits - Government And Not-For-Profit Accounting
 
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BUSINESS-TYPE ACTIVITIES governments and not-for-profit organizations engage in business-type activities may be managed as if they were for profit. Example The accounting and reporting may differ from those that are most suitable for their nonbusiness activities. GOVERNMENTS vs. NOT-FOR PROFITS Governments have the authority to command resources. They have the power to tax, collect license and other fees, and impose charges. NFPs rely on donors or grants for resources. a comprehensive picture of a government’s fiscal status should consider not only the resources actually owned by the government but also those that it has the power to summon. __________________________________________________________________________________________________________________________________ Each category of government will likely differ from others in the services it provides, the type of assets it controls, its taxing and borrowing authority, and the parties to which it is accountable. Moreover, even governments in the same category may vary in the services they provide. Their diversity limits the suitability of a common accounting model (i.e., set of accounting and reporting principles) for any single, or even for any particular type of, government or not-for—profit entity.
Views: 303 Faithful Runner
Talk with an IJM Recruiter - Exploring Careers in Non-Profit Accounting
 
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Join the hangout to hear about accounting and finance careers with international non-profits.  This Hangout will feature professionals at IJM who have brought their skills and experience to propel the mission of IJM .   Featuring: Jennifer Mabe - Director of Recruiting at IJM Kirk Mitchell - Accounting Manager, Grants Christine Spears - Sr. Manager Accounting & International Payroll
Sample Content | Governmental & Nonprofit Accounting & Reporting BLT
 
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What resources are available to governments for funding various public projects? Faculty member Greg Allison discusses the various revenue streams governments can access in this hands-on exercise.
Views: 825 [email protected]
Modified Accrual Accounting | Current and Economic Financial Resources Measurements | CPA Exam
 
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www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ What is 'Modified Accrual Accounting' Modified accrual accounting is an accounting method commonly used by government agencies that combines accrual-basis accounting with cash-basis accounting. Modified accrual accounting recognizes revenues when they become available and measurable and, with a few exceptions, recognizes expenditures when liabilities are incurred. A modified accrual accounting system can also divide available funds into separate entities within the organization to ensure that the money is being spent where it was intended. BREAKING DOWN 'Modified Accrual Accounting' The modified accrual method of accounting costs less to maintain than full accrual accounting. However, the modified accrual method is not an acceptable basis for external reporting of financial statements for public companies. Read more: Modified Accrual Accounting https://www.investopedia.com/terms/m/modified-accrual-accounting.asp#ixzz585CZRXmD Follow us: Investopedia on Facebook economic measurement focus, current measurement focus, modified accrual, accrual basis, cash basis
Not for Profit Accounting Services
 
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We understand the challenges some organizations face when operating a not for profit practice. We are here to offer our services toward your success! http://www.bmfms.com
Interperiod Equity, Capital Assets - Government And Not-For-Profit Accounting
 
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Interperiod Equity A. The concept that constituents pay for the services they receive and do not shift the burden to the next generation. B. When government and NFP fail to balance their operating budgets, the cost of benefits enjoyed by those of today must be borne by those of tomorrow. C. To maintain interperiod equity, the accounting systems of governments and not—for—profits must provide information as to whether this objective is being attained. Interesting Facts #1 State and local governments received $1.3 trillion in tax revenues in 2010, #2 State and local governments are responsible for approximately 15 percent of total employment in the United States. Capital Assets * the conventional business practices used to value assets may not be applicable. * Unlike businesses, both governments and not—for—profits have investments that a. may neither produce revenues nor save costs. b. may be more properly interpreted as liabilities. c. may be restricted to particular activities or purposes. Example * highway or bridge will not yield cash benefits to government * they have to be maintained and serviced, they will consume, rather than provide, resources. Government Accounting. Understand the characteristics that distinguish governments and not-for-profit organizations from businesses (for-profit entities). Identify the features that distinguish governments from not- for-profits. Identify authoritative bodies responsible for setting GAAP and financial reporting standards for different governmental and not-for-profit entities. Governments and not—for—profit organizations have much in common with businesses. However, the differences between the two environments are sufficiently pronounced that business schools have established a separate course in governmental and not— for—profit accounting apart from the usual accounting courses—financial accounting, managerial accounting, auditing, and information systems. #STORYTELLERS2 #WeWantOurCountryBack #AllDayBreakfast Taylor Swfit Lady Gaga
Views: 1463 Faithful Runner
Non-Profit Accounting for Website Development Costs
 
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This presentation by Mike Hoerig provides accounting guidance for a website development project.
2019 Nonprofit HR, Legal and Accounting Trends
 
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You’re invited to join 501(c) Services and our partners for our 2019 Nonprofit HR, Law and Accounting Trends webinar, an interactive discussion that will review the biggest legal, legislative and regulatory issues that affected the nonprofit sector in 2018. We will also look ahead and try to forecast what nonprofits should keep an eye on in 2019.
Views: 35 501cServices
Accounting Bookkeeping Payroll Non profit StartUp
 
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خدمات مالی در تورنتو Accounting services, bookkeeping, payroll, non profit free services
Views: 175 Master Accountants
Step 2 - Incorporate Your Non-Profit Org: Starting a Nonprofit Organization in 5 Easy Steps
 
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(To get access to training and your FREE 13-Point Nonprofit Startup Checklist, go to http://www.heroes.do/13-point-nonprofit-startup-checklist now! OR - want it all done for you? Start a 501c3 fast and inexpensively - go to https://heroes.do/form-and-file-1023/ now. You'll get incorporated, get your Tax ID #, and get IRS approved using software and with help from real people. In this video at http://www.youtube.com/watch?v=7_-BpZQI9fI, Christian LeFer covers Step 2 of "Starting a Nonprofit Organization in 5 Easy Steps": Filing Your Organization. Please "Like" this video and leave a comment! Like and Follow our new, updated resources! www.facebook.com/heroesdo www.twitter.com/heroesdo
Views: 51198 GetNonprofitStatus
Redkite | Delivering Non-Profit Services Across Australia with FinancialForce Accounting
 
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Redkite is an Australian cancer charity based in Sydney, Melbourne, Brisbane, and Perth, providing essential support to children and young people (0–24 years) with cancer, and the family and support network who care for them. Over the past 10 years, Redkite has been on an exciting transformational technology journey aimed at eliminating a disjointed, piecemeal infrastructure. The ultimate goal: enable Redkite’s vision of centralizing all its data. With FinancialForce in place, Redkite can better service its clients rather than waste limited resources on routine tasks. By streamlining back-end processes, the organization has saved time, reduced its operations overhead, and refocused its finance team on more important matters. Plus, it can easily manage and track all finance-related data from approval to payment – from anywhere – and generate instant reports as needed. Key highlights include: - 50% Reduction in Reporting - 360° Views of Client Data - 9% FTE Reduction
Views: 125 FinancialForce
Nonprofit Management Tools and Trends Report 2015 - An Introduction
 
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What management tools do nonprofit organizations find most effective, and what trends will have the most impact on the sector in the future? Bridgespan's Management Tools and Trends report provides insight on these important questions based on a survey of nearly 500 nonprofit leaders from throughout the sector. Presented by Paul Carttar, Senior Advisor, The Bridgespan Group.
Views: 3422 TheBridgespanGroup
YPTC Training Videos: Unique Elements of Nonprofit Financial Reports
 
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This video shows how nonprofit financial reports differ from those of for-profit organizations.
Views: 9092 Eric Fraint
Basics of Nonprofit Accounting
 
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Allen L. Fetterman, CPA, MBA
Webinar: QuickBooks Online Plus for New Nonprofit Users 2019-03-08
 
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Are you brand-new to using Intuit’s QuickBooks Online Plus or need a basic refresher to make sure you've got your nonprofit or church set up correctly? Join us for this free, 90-minute webinar that will focus on a host of beginner topics, including - Setting up your company file - Opening balance - Setting up accounts - Setting up programs - Basic budgeting This free webinar is best suited to users from U.S.-based nonprofits and churches who are novices or new to using QuickBooks Online Plus.
Views: 1156 TechSoupVideo
What to Think About Before Starting a Nonprofit Organization
 
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More Information: www.cnmsocal.org In this installment of CNM's online learning videos, Resource Manager Rachel Brookhart provides a few tips for those who are interested in starting a nonprofit organization. If you would like more information, feel free to download our ebook 'Get Ready, Get Set' at http://bit.ly/14XQdgM
Views: 27985 CNMSoCal