Quickbooks For Nonprofits Mac10/23/2021
Dont even think about working with QuickBooks online for nonprofits without this book. Over the course of this three-day series, we will share practical advice on how to adapt the flexible features of the popular QuickBooks accounting software to meet the robust. This class is essential for all nonprofits using QuickBooks. 'QuickBooks for Nonprofits' is designed to get you what you need to effectively run your organization.
![]() Quickbooks For Nonprofits Software To MeetWe know how to make QuickBooks work very well for small to mid-size nonprofits. Pick software that works for your most important transaction flows. SoftwareYou have lots of choices for accounting software, such as QuickBooks Premier Nonprofit Desktop, QuickBooks Online, Aplos, Wave or Xero. Powerpoint for mac text shadowBy the way, Intuit discontinued QuickBooks for Mac and will provide support for 2016 Mac software through 2019. Here is a link to an interesting article on other nonprofit software. Aplos is impressing us as an affordable fund accounting software for growing nonprofits. Wave is a free online software that may work for very small or simple nonprofits. Even if you use a professional, he or she will greatly appreciate starting with QuickBooks® To Go! as it will make the job much easier. You will still need to do some customization, which may be a little or a lot depending on your organization. Accounting software is NOT ready to go “out of the box.” This is where you will either want to use a professional or QuickBooks® To Go! which comes with a plug-and-play template company file. You may want to have a professional get you started on the right foot here. For starters, you need to have your beginning balances set up properly. That’s never more true than with accounting. Data Entered into the SoftwareYou’ve heard the old saying, garbage in garbage out. ![]() Documentation on Bookkeeping and Accounting Policies & ProceduresMore than once I have heard the lament, “Our bookkeeper left and no one knows how to do the books!” Don’t let this happen to you. Management need to know what reports are useful for what purpose and how to interpret them. Also we recommend training for management in understanding reports produced by the accounting software. Often this can be accomplished by hiring an external professional bookkeeper or CPA who can provide on-demand help and who can look over the books periodically to make sure everything is staying on track. Information Technology InfrastructureIf you use QuickBooks Premier Nonprofit desktop software you will need to have a reliable computer and backup system in place. These templates are customizable Word docs so you can edit them to reflect your organization’s practices. We also provide an Accounting Policies & Procedures Template, which gives guidance to management and the board about who does what with respect to financial transactions. We have free starter templates for you on bookkeeping procedures in QuickBooks® To Go!, which details steps to enter transactions into the accounting software. There are several good inexpensive options you should consider. How much better it would be to consider your needs and resources first, then select accounting software that fits.Also don’t go for the cheapest accounting software. Accounting software is only one part of an accounting system.If you try to solve your accounting problem by buying accounting software first, you will find yourself adapting to fit that software. The desktop software still has strong appeal, especially if you manage multiple restricted grants or contracts, but you will need to maintain your own software and data backup. Also the accounting software is accessible by multiple users from anywhere you can access a browser. Who will supervise the accounting process Who will enter transactions, such as staff or an outsourced accountant or some combination thereof How the software could integrate with third party software to solve specific problems, such as expense reporting or time tracking How the software integrates with payroll, whether outsourced or in-house How the software can accommodate your organization’s major transaction flows, especially payroll, contributions and program service revenue, if applicable Before you buy accounting software, consider: How the software can accommodate reporting needs, such as grant reportingSeek out the best combination of accounting software, in-house staff, outsourced services and third party software to fit your organization’s needs and resources.Next we’ll take a look at an important (for many nonprofits it’s THE most important) area of transaction flows to consider before selecting accounting software in our post, “ Select the Right Accounting Software for Payroll and Contractors.
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