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
QuickBooks Desktop Not for Profit Organizations Overview
Backup Files to Download
105 Restore Backup File
Excel File to Download
110 Objectives Of Practice Problems
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2 Problem One New QuickBooks File
Excel File To Download
QuickBooks Backup Files (Optional)
Example Forms We Will Generate
115 New QuickBooks File
120 Turn on Class Tracking
125 Office Space Donated
130 Cash Donation
135 Pledge
140 Government Grants
145 Salaries Expense
150 Donor Pledge for Construction Project
155 Donation & Purchase of Furniture
160 Month End Expenses
165 Adjusting Entries
170 Allocate Expenses to Classes
172 Net Assets Released From Restriction
175 Closing Entries
180 Statement of Financial Position
190 Restricted Net Asset Detail Report
185 Statement of Activities
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3 Problem Two Multiple Years of Operations
Example Forms We Will Generate
QuickBooks Backup Files
Excel File to Download
305 Restore Backup File
310 Review Practice Problem
315 Cash Received From Grant
320 Contributions, Dues, & Fees
325 Craft Sales & Commission Revenue
330 Interest Income Restricted & Unrestricted
335 Grants Receivable & Deferred Revenue
337 Donated Office Space
340 Month End Expenses
345 Short Term Investment Matures
350 Net Assets Released
355 Net Assets Released # 2
360 Allocate Expenses by Function
365 Pay Payable
370 Closing Entries
375 Statement of Financial Position
380 Statement of Activities
390 Restricted Net Asset Detail Report
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4 Problem Three Not for Profit College
QuickBooks Backup Files
Excel File to Download
510 Restore Backup File
512 Review Practice Problem Private College
515 Tuition & Fees
520 Tuition Waiver For Student Work
530 Pledges & Contributions
535 Cash Received Contributions & Pledges
540 Cash Received For Tuition On Account
545 Deposit Returned
550 Expenses
560 Restricted Assets Released
565 Pay Cash On Account
670 Investment Income Received
675 Record Allowance & Depreciation
680 Unearned Revenue Adjusting Entry
685 Gain On Investment Adjusting Entry
700 Closing Entries
710 Financial Statements
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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.
Instructor
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.