Not-for-profit organizations always need volunteers as treasurers or members of the financial oversight committee. CPAs are often asked to fulfill these roles. This course highlights the accounting needs of such organizations.
QuickBooks will be used to demonstrate how its tools provide more efficient and effective financial management for your not-for-profit. This course is geared to hands-on, or future hands-on, treasurers of service clubs and similar organizations.
Identify the accounting needs of not-for-profit organizations, specifically service organizations.
Identify the financial statements required by US GAAP, including ASU 2016-14 and other recent ASU updates for not-for-profit entities.
Illustrate, using QuickBooks, the types of transactions usual for not-for-profit service organizations.
Discuss the need for budgets in a not-for-profit service organization.
Inflows and Outflows
QuickBooks, including setup, data entry and reporting
CPAs and financial professionals.
None required. Participants are invited to bring their laptops with QuickBooks installed. Examples and screen shots will be from QuickBooks: Pro, 2020 release.