nonprofit accounting

How to Set Up Quickbooks Online for Nonprofits in 2024 [Video]
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Resources for Nonprofit Directors

How to Set Up Quickbooks Online for Nonprofits in 2024 [Video]

Ready to Set up QuickBooks Online, the best nonprofit accounting software. This video provides a step-by-step guide on how to set up QuickBooks Online for nonprofits.📧 Join our Email List: https://bit.ly/49ax543Whether you’re initiating a new account or optimizing an existing one, this tutorial covers all aspects of nonprofit accounting. Learn how to secure a discounted QuickBooks Online subscription through TechSoup, a nonprofit organization specializing in providing software at reduced rates. Gain essential insights into tailoring your account settings to accurately reflect your nonprofit status, from selecting the right company type to indicating your tax form and fiscal year.Dive into the intricacies of nonprofit bookkeeping, starting with setting up a clean and organized chart of accounts. Learn how to align budgeting with your organization’s goals and discover the power of integrating tools with QuickBooks Online for enhanced functionality. This tutorial goes beyond the basics, addressing essential tips and tricks for QuickBooks Online, making it suitable for both beginners and advanced users. Whether you’re seeking QuickBooks for nonprofits or simply diving into nonprofit accounting 101, this video equips you with the knowledge to optimize QuickBooks Online for your nonprofit’s financial success.📱Follow Me On Instagram: https://www.instagram.com/thevisionaryaccountant/▶️ WATCH MORE:How to Manage Payroll in QuickBooks Online | Nonprofit Accounting: https://youtu.be/-_gKhsR_XRYThe Worst Things to Do When Working With a Nonprofit Accounting Team: https://youtu.be/Bw-nAb03TJ4In-House Accountant vs. Virtual Outsourced Accounting for your Nonprofit Organization: https://youtu.be/KEeOewWXLzo00:00 Introduction and Setting Up QuickBooks Online Account01:41 Setting Up Nonprofit Settings03:25 Setting Up Tracking Methods05:12 Setting Up Chart of Accounts09:30 Setting Up Functional Expenses10:21 Setting Up Locations and Funds12:34 Setting Up Budgeting13:47 Setting Up Reportinghttps://youtu.be/fHYsgND9QGg

Excel for Nonprofits Managing Donations and Budgets [Video]
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Resources for Nonprofit Directors

Excel for Nonprofits Managing Donations and Budgets [Video]

🌟 Nonprofits play a crucial role in making the world a better place, and effective financial management is vital for their success. In this comprehensive video, we’ll show nonprofit organizations how to leverage Microsoft Excel to efficiently manage donations and budgets, ensuring that every dollar counts toward their mission.💼 Excel is a versatile tool that can empower nonprofits to streamline their financial processes, track donations, and make informed decisions. Whether you’re a charitable organization, community group, or NGO, mastering Excel can help you focus on what truly matters – making a positive impact.📋 Here’s what we’ll cover in this informative guide:1️⃣ Donation Tracking: Learn how to create a comprehensive donation tracker to keep records organized and up-to-date.2️⃣ Budget Planning: Understand how to develop and manage budgets that align with your organization’s goals and priorities.3️⃣ Financial Reporting: Discover how to create clear and insightful financial reports for transparency and accountability.4️⃣ Grant Tracking: Manage grants effectively by using Excel to monitor progress and compliance.5️⃣ Fundraising Campaigns: Track the success of fundraising campaigns and donor relationships.6️⃣ Expense Management: Control expenses, allocate resources efficiently, and ensure financial sustainability.7️⃣ Data Visualization: Utilize Excel’s charting and graphing capabilities to present financial data effectively.🌟 Excel can be a game-changer for nonprofit organizations, allowing them to focus their efforts on their mission and maximize the impact of their work.👍 If you found this video description informative, please give it a thumbs up, share it with fellow nonprofit professionals, and subscribe to our channel for more valuable insights, nonprofit management tips, and Excel tutorials.🔔 Don’t forget to turn on the notification bell so you won’t miss any of our future videos on using technology to support nonprofit causes. Thank you for joining us on this journey to empower nonprofits with Excel! #Nonprofits #ExcelForNonprofits #FinancialManagement #DonationTracking #Budgeting #NonprofitManagement #ExcelTips #NonprofitFinance #Transparency #ExcelTutorials

MUST KNOW TIPS: Nonprofit Chart of Accounts [Video]
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Resources for Nonprofit Directors

MUST KNOW TIPS: Nonprofit Chart of Accounts [Video]

🔍 Unlocking the Secrets of Nonprofit Financial Management | Interview with Rachel Peterson of RP Finance 📈Are you involved with a nonprofit organization and curious about optimizing your financial management? Look no further! In this exclusive interview, we sit down with the esteemed Rachel Peterson, Founder of RP Finance, a leading expert in nonprofit financials and accounting for nonprofits. Join us as we delve into the “Nonprofit Chart of Accounts” topic and gain valuable insights from Rachel’s extensive experience in the nonprofit sector. This in-depth discussion will illuminate best practices, tips, and strategies that can significantly impact your organization’s financial efficiency and transparency. The nonprofit chart of accounts is the backbone of financial operations, allowing organizations to track and manage their funds effectively. By organizing revenue sources, expenses, and assets into distinct categories, nonprofits can make informed decisions and fulfill their missions more efficiently. 👩‍🏫Struggling with your nonprofit’s fundraising and marketing? We’re here to help. Check out our Nonprofit Coaching Program! https://www.causespecialists.ca/nonprofit-coaching📃RESOURCESGAAP: https://www.businessnewsdaily.com/5486-generally-accepted-accounting-principles-gaap.htmlChart of accounts download: https://www.causespecialists.ca/chart-of-accounts🔗NONPROFIT MANAGEMENT PLAYLIST:https://www.youtube.com/playlist?list=PLVO1n7MLtZAVPIZflEfAeZtAVxjPX6smX🎓 About Rachel Peterson and RP Finance:Rachel Peterson is an AICPA-certified Nonprofit Accounting Specialist and the founder of RP Finance, a dedicated firm serving nonprofits exclusively with their bookkeeping, accounting, and CFO needs. With a deep passion for helping organizations run smoothly and efficiently, Rachel brings her expertise in financial management and accounting principles to provide comprehensive services tailored specifically to the unique requirements of nonprofits. Through RP Finance, she collaborates closely with nonprofit leaders, offering strategic financial guidance, establishing robust internal controls, and implementing effective reporting systems.Website: rachelpeterson.financePhone: 503-208-4255📇 GET IN TOUCH WITH JOANNEEmail: toller@causespecialists.ca Web: https://www.causespecialists.ca/ LinkedIn: https://www.linkedin.com/in/joanne-toller/ Facebook: https://www.facebook.com/CauseSpecialists Instagram: https://www.instagram.com/causespecialist/ Twitter: https://twitter.com/CauseSpecialist#NonprofitFinancials #nonprofitaccounting #nonprofitleadership #nonprofitmanagement

BEST Accounting Software for Nonprofits [Video]
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Resources for Nonprofit Directors

BEST Accounting Software for Nonprofits [Video]

Quickbooks vs. Blackbaud Financial Edge vs. MIP Fund Accounting- How to Find the BEST Accounting Software for Your Nonprofit!Full Article here: https://www.terisaclark.com/blog/the-best-accounting-software-for-nonprofitsAre you a nonprofit leader? Get my FREE Financial Tasks Checklist here: https://www.terisaclark.com/checklist=============================I’m a CPA and former nonprofit CFO with 25+ years of experience in the nonprofit sector. My mission is to help nonprofit organizations answer the money questions so that they can achieve financial strength and accomplish their mission! Here are the ways you can work with me:⚡️FREE CONTENT : Watch and subscribe for weekly content here: https://www.youtube.com/@terisaclark⚡️COURSES / GROUP COACHING: Learn about my online courses https://www.terisaclark.com/the-financially-thriving-non-profit⚡️WORK ONE-ON-ONE: Grab a spot on my calendar for a 30 min strategic consultation https://www.terisaclark.com/offers/ff8Hotbw/checkout=============================Connect with Terisa on Social Media:Website: https://www.terisaclark.com/LinkedIn https://www.linkedin.com/in/terisa#quickbooks #blackbaud #fundaccounting #financialedge #accounting #nonprofit #nonprofits #executiveleadership #terisaclark

Season 3, Episode 17: Do You Need to Change Your Financial Year Start Date? [Video]
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Resources for Nonprofit Directors

Season 3, Episode 17: Do You Need to Change Your Financial Year Start Date? [Video]

Today’s tip discusses the steps that are necessary to take with your Secretary of State, as well as the IRS, in order to change your group’s financial year.MoneyMinder has been supporting volunteer-run nonprofit treasurers for nearly two decades. Cyndi helps treasurers navigate this territory as a lifetime volunteer herself. Whether you are new to your role or a seasoned veteran, these tips might just help make your volunteer experience easier.Click here for a transcript of this podcast: https://bit.ly/3bTiPnd