QuickBooks Desktop Not for Profit Organizations

QuickBooks Desktop Not for Profit Organizations

QuickBooks Desktop Not for Profit Organizations

Learn to enter data into QuickBooks for a not for profit organization from a practicing CPA, CGMA, CPI, with B.S.tax

Language: english

Note: 4.3/5 (92 notes) 36,413 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-11-29

What you’ll learn

  • Not for profit accounting using QuickBooks including a charity, health care organization, and college
  • How to set up a QuickBooks for a not for profit organization
  • How to organize a chart of account for a not for profit organization in QuickBooks
  • How to enter data into QuickBooks using forms and how those transactions will impact the financial statements
  • How to customize forms for a not for profit organization using QuickBooks
  • How to generate and analyze report for a not for profit organization using QuickBooks

 

Requirements

  • None

 

Description

QuickBooks Desktop Not for Profit Organizations will provide the tools to enter data into QuickBooks for a not for profit organization.

This QuickBooks course will consist of three comprehensive practice problems. One problem will be for a charitable organization, one for a health care organization, and one for a not for profit school.

We will learn how to set up a QuickBooks file for a not for profit organization.

The course will show how to create a chart of accounts and items list for a not for profit organization.

Learners will learn how to enter data into the QuickBooks system using forms.

We will learn how to customize forms so that they can be used to provide to donors.

The course will show how to generate and analyze reports. We will also learn how to print, display, and distribute reports.

Learners will learn how to use the QuickBooks class feature to categorize expenses as restricted or unrestricted. We will also learn to use the job costing feature to track each restricted item in detail.

The course will provide backup files that allow learners to jump forward or rework any part of the comprehensive problem.

We will also provide Excel files as we work through the problem. We will break each comprehensive problem done and enter it into the system one journal entry at a time. We will show how the journal entry would be entered using debits and credits in Excel first, and then enter the transaction into QuickBooks. Excel is a more transparent system, making it easier to see and understand the connections. Once we understand the objective, we will then move to QuickBooks to enter the data. The system of first Entering data into Excel to understand the objective will be very useful when we need to use more complex features like class tracking and job costing.

 

Who this course is for

  • Employees of a not for profit organization
  • Students who what to apply accounting theory to software

 

Course content

  • Introduction
    • Overview
    • Backup Files
    • 105 Restore Backup File Download
    • Excel File to Download
    • 110 Objectives Of Practice Problems Download
    • Accounting Comic Break Download
  • Problem One – New QuickBooks File
    • 2 Problem One New QuickBooks File Download
    • Excel File To Download
    • QuickBooks Backup Files (Optional)
    • Example Forms We Will Generate
    • 115 New QuickBooks File Download
    • 120 Turn on Class Tracking Download
    • 125 Office Space Donated Download
    • 130 Cash Donation Download
    • 135 Pledge Download
    • 140 Government Grants Download
    • 145 Salaries Expense Download
    • 150 Donor Pledge for Construction Project Download
    • 155 Donation & Purchase of Furniture Download
    • 160 Month End Expenses Download
    • 165 Adjusting Entries Download
    • 170 Allocate Expenses to Classes Download
    • 172 Net Assets Released From Restriction Download
    • 175 Closing Entries Download
    • 180 Statement of Financial Position Download
    • 190 Restricted Net Asset Detail Report Download
    • 185 Statement of Activities Download
    • Accounting Comic Break Download
  • Problem Two – Multiple Years of Operations
    • 3 Problem Two Multiple Years of Operations Download
    • Example Forms We Will Generate
    • QuickBooks Backup Files
    • Excel File to Download
    • 305 Restore Backup File Download
    • 310 Review Practice Problem Download
    • 315 Cash Received From Grant Download
    • 320 Contributions, Dues, & Fees Download
    • 325 Craft Sales & Commission Revenue Download
    • 330 Interest Income Restricted & Unrestricted Download
    • 335 Grants Receivable & Deferred Revenue Download
    • 337 Donated Office Space Download
    • 340 Month End Expenses Download
    • 345 Short Term Investment Matures Download
    • 350 Net Assets Released Download
    • 355 Net Assets Released # 2 Download
    • 360 Allocate Expenses by Function Download
    • 365 Pay Payable Download
    • 370 Closing Entries Download
    • 375 Statement of Financial Position Download
    • 380 Statement of Activities Download
    • 390 Restricted Net Asset Detail Report Download
    • Accounting Comic Break Download
  • Problem Three – Not for Profit College
    • 4 Problem Three Not for Profit College Download
    • QuickBooks Backup Files
    • Excel File to Download
    • 510 Restore Backup File Download
    • 512 Review Practice Problem Private College Download
    • 515 Tuition & Fees Download
    • 520 Tuition Waiver For Student Work Download
    • 530 Pledges & Contributions Download
    • 535 Cash Received Contributions & Pledges Download
    • 540 Cash Received For Tuition On Account Download
    • 545 Deposit Returned Download
    • 550 Expenses Download
    • 560 Restricted Assets Released Download
    • 565 Pay Cash On Account Download
    • 670 Investment Income Received Download
    • 675 Record Allowance & Depreciation Download
    • 680 Unearned Revenue Adjusting Entry Download
    • 685 Gain On Investment Adjusting Entry Download
    • 700 Closing Entries Download
    • 710 Financial Statements Download
    • Accounting Comic Break Download

 

QuickBooks Desktop Not for Profit OrganizationsQuickBooks Desktop Not for Profit Organizations

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