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Using QuickBooks as a Small Nonprofit
May 27, 2015 @ 2:00 pm - 3:30 pm| $149
Inexpensive, user-friendly, and widely used across the nonprofit sector, QuickBooks is often the best choice for small organizations with limited resources to invest in accounting software. However, originally designed for companies in the for-profit realm, QuickBooks has limitations when it comes to tracking and reporting on restricted donations and grants.
Over the course of working with many organizations to build and strengthen financial management systems, FMA has refined some key QuickBooks customizations and “workarounds” to help facilitate nonprofit accounting in this for-profit system.
In this webinar, we will provide an overview of how to structure the system, as well as examples of how to execute key transactions. Specific topics will include:
- Structuring the Chart of Accounts
- Configuring the Class and Customer functions to track programs and funders
- Tracking temporarily restricted revenue, including how to process releases from restriction
- Tips to maximize system use
The intended outcome of participation in this series is for participants to walk away with concrete, practical next steps in configuring QuickBooks to support a range of financial management best practices for nonprofit organizations.