June 24 - Quickbooks Online Basics
Join us from 9:00 - Noon for a workshop geared toward Quickbooks Online Basics. The fee for members is $65 and non-members $80.
Key Learning Outcomes:
Setting Up QuickBooks for Nonprofits: Best practices for configuring your QuickBooks account to meet nonprofit-specific needs, including setting up class tracking for different programs and projects.
Tracking Revenue and Expenses: Learn how to record and categorize donations, grants, and other funding sources, ensuring accurate financial tracking and reporting.
Bookkeeping Best Practices: We'll share key bookkeeping tips for nonprofits, focusing on maintaining accurate records, reconciling accounts regularly, and setting up effective workflows to avoid errors and ensure smooth financial operations.
Tracking Grants and Restricted Funds: Gain insight into how to track grant income, expenses, and compliance requirements in QuickBooks. Learn how to ensure proper allocation and reporting for restricted funds, keeping your organization compliant with funder requirements.
Generating Nonprofit Reports: We'll guide you through creating and customizing reports such as the Statement of Activities (Profit & Loss), Balance Sheet, and specialized nonprofit reports for 990 filings.
Budgeting and Forecasting: Tips on how to effectively use QuickBooks for budgeting and comparing actuals to budget, helping your organization maintain financial stability.
Internal Controls and Compliance: Ensure your nonprofit remains compliant with funding restrictions and internal control standards using QuickBooks’ built-in features.
