Home
Search results “Non profit accounting resources”
Nonprofit Accounting Overview for Accountants
 
57:09
A key difference in for-profit and nonprofit accounting is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. A specialized financial software for nonprofits and churches can be a dynamic tool, and often requires the assistance of an accountant to configure correctly. This webinar serves as an in-depth guide on how you can use fund accounting to fit the accounting structure of your nonprofit clients, including chart of accounts set-up, and nonprofit-specific financial reporting. This session is ideal for professional accountants and bookkeepers who are considering a fund accounting software to manage their clients needs . Instructor Alex Acree, Head of the Customer Services Department of Aplos Software, has worked with hundreds of nonprofits and churches in setting up their accounts and building the reports they require. He will give a detailed lesson on how to accomplish this for your nonprofit and church clients. Learning Objectives: - Understand basic fund accounting principles and practical application - Create common chart of accounts structures for nonprofit and churches and understand customization options - Understand specialized nonprofit financial reporting, including generating a Form 990 report
Views: 5432 Aplos
5 Step Guide to Budget Development - Resources for Nonprofit Financial Management
 
28:44
Presentation describing a team-based approach to budget development, including goals, personnel and process. http://www.wallacefoundation.org/knowledge-center/Resources-for-Financial-Management/Pages/A-Five-Step-Guide-to-Budget-Development.aspx
Views: 23358 Wallace Foundation
Nonprofit Accounting Basics | Vlogcast #5 | Araize Academy
 
04:57
In episode #5 of the Araize Academy Vlogcast series, watch and learn how nonprofit accounting differs from for-profit accounting and how this impacts your organization. Read more: http://www.araize.com/hidden-gems-about-nonprofit-accounting-revealed/ What Sets Nonprofit Accounting Apart From For-Profit? Nonprofit accounting is the best way to measure success in terms of fulfilling your nonprofit mission. While many aspects of for-profit and nonprofit accounting are similar, such debit, credits, tracking and reporting of income and expenses, assets and liabilities, there are significant differences that make nonprofit accounting much more complicated. What is Nonprofit Accounting? Unlike for profit businesses that exist to generate profits for their owners, nonprofits exist to pursue a mission that addresses specific needs of society. So the bottom line for a for profit businesses is making sure that revenue exceeds expenses to make a profit. Whereas the bottom line for a nonprofit is fulfilling its mission. Because of these fundamental differences and the rules set in place by Accounting Standards Organizations the focus for nonprofits is not profitability but accountability. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management and learn how to achieve your financial goals.
What are Nonprofit Accounting Standards
 
03:58
In this lesson, we will take a look at the standards that your nonprofit accounting system needs to adhere to. If you run a nonprofit and have gone through our previous lessons on how to build an accounting system, this is the lesson for you! See more at: https://www.aplos.com/academy/course/intro-to-nonprofit-accounting/what-are-nonprofit-accounting-standards
Views: 4324 Aplos
Nonprofit Finance Fundamentals
 
01:05:34
This webinar focuses on key financial sustainability issues to help nonprofit leaders develop and use financial information to make more sound decisions and to better communicate their financial needs to their supporters, funders, and board. After this webinar, you will: • Increase your financial analysis skills to make better management decisions • Enhance your ability to assess your organization’s financial health and business needs •Better communicate the financial performance of your organization to internal and external stakeholders
Best Practices: Choosing a Nonprofit Accounting Software
 
02:50
Watch as Gary Volland provides a great overview of how as a Nonprofit organization you should choose an accounting solution that's right for your requirements. For more information download our eBook: https://goo.gl/yDC6ka
Views: 85 The Resource Group
What are Nonprofit Financial Statements?
 
03:30
In this lesson, we are going to learn about nonprofit financial statements, a.k.a. reports. We will take a look at the two reports everyone needs, a third report nonprofits need, and other types of reports that can benefit your organization. If you have set up a chart of accounts and started to record transactions, this is the lesson for you! View the full lesson at: https://www.aplos.com/academy/course/intro-to-nonprofit-accounting/what-are-nonprofit-financial-statements Interested in taking our free 5-day accounting course for nonprofits? Sign up here: https://www.aplos.com/academy/nonprofit/nonprofit-accounting/nonprofit-accounting-5-day-email-course/
Views: 9211 Aplos
How to Start a Nonprofit Organization
 
22:36
Getting ready to start a nonprofit organization? Use this guide to learn all the steps needed to complete the formal process of starting a nonprofit organization. Download a Free Nonprofit Startup Kit at: https://www.StartaNonprofit.net for a step by step guide and all the resources you need to start a nonprofit organization! Aplos Nonprofit Software: https://www.aplos.com Interested in taking our free 5-day accounting course for nonprofits? Sign up here: https://www.aplos.com/academy/nonprofit/nonprofit-accounting/nonprofit-accounting-5-day-email-course/
Views: 57932 Aplos
Nonprofit Accounting Basics Course
 
01:09
Nonprofit Accounting Basics - Online Course Learn More: https://www.araize.com/nonprofit-financial-management-course-registration/ Master nonprofit accounting and empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Become an expert in non profit financial management. Highlights of the online course include: *Fund Accounting *Functional Accounting *Internal Controls *Government Compliance *Transparency and Accountability *Nonprofit Chart of Accounts *Nonprofit Budgets *Nonprofit Financial Statements *Nonprofit Direct and Indirect Cost Allocations *Nonprofit FASB Rules This course will help you save time and money on audit fees Online Learning - access anytime, anywhere on any device ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Performance Evaluation for Not-for-Profit Organizations | Governmental Accounting | CPA Exam FAR
 
17:29
Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The most commonly used measure of not-for-profit efficiency is the program expense ratio. This is calculated as program service expenses divided by total expenses and provides an indication of the extent to which a not-for-profit is dedicating its resources to programs as opposed to administration, fund-raising, and membership development. The program expense ratio may be calculated from the Statement of Activities or from information reported in the Form 990. For example, the program expense ratio. Fund-raising efficiency is another measure of performance that expresses how much an organization spends in raising a dollar of donations. The fund-raising efficiency ratio is calculated as fund-raising expense divided by contribution revenues. Working capital ratio is the ratio of working capital (current assets – current liabilities) divided by total expenses. The ratio provides a measure of how long a not-for-profit could sustain its operations without generating new revenue.
Revenue Recognition for Governmental Accounting  | CPA Exam FAR | Government Accounting Course
 
38:06
www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ generally accepted practices, governmental funds are accounted for on a modified accrual basis. The measurement focus is on current financial resources. “Current financial resources” has been interpreted to mean “expendable financial resources”—cash and other items that can be expected to be transformed into cash in the normal course of operations (less current liabilities). The “other items” include investments and receivables but not capital assets. As discussed in Chapter 5, inventories and prepaid items are also reported on the balance sheet, even though they do not fall within the conventional view of a financial resource. A fre- quently cited justification for this apparent inconsistency is that these assets will not ordinarily be transformed into cash (i.e., inventories will be consumed, not sold for cash), but they generally will result in short-term cash savings in that the entity will not have to expend additional cash to acquire them. The current claims against financial resources include wages and salaries payable, accounts payable, and deferred inflows. They exclude long-term obligations such as the noncurrent por- tions of bonds payable and the liabilities for vacation pay, sick leave pay, and legal judgments. Consistent with conventional relationships between balance sheet and operating statement accounts, revenues and expenditures are accompanied by an increase or decrease in net financial resources (as opposed to increases or decreases in net economic resources, as would be true under the full accrual basis). RECOGNITION OF REVENUE Accepting the accrual basis of accounting (even if modified) still leaves unresolved the thorny issue of when revenues should be recognized. What key economic event in the revenue generation process should trigger the recognition of revenue and the corresponding increase in net position? In business accounting, revenues are ordinarily recognized when a firm has exerted a substantial portion of its production and sales effort, and the amount of cash to be eventually collected can reasonably be ensured and estimated. But standard setters as well as individual firms still have to grapple with the problem of when the various types of revenue transactions satisfy these criteria. To enhance consistency of practice, standard setters have established specific guidelines for the recog- nition of such diverse revenues as those from ordinary sales, from sales of real estate, installment sales, interest, loan origination fees, license and royalty fees, and construction contracts. The revenue-recognition issues facing governments are less tractable than those of businesses. Businesses derive their revenues mainly from exchange transactions—those in which each party gives and receives consideration of equivalent value. Governments (except those that engage primarily in business-type activities) derive their revenues mainly from nonexchange transactions—those in which one party gives or receives value without directly receiving or giving equivalent value in exchange. GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Trans- actions (1998), governs the recognition of revenue under both the modified accrual basis (for governmental funds) and the full accrual basis (for proprietary and fiduciary funds and the government-wide statements). The recognition guidelines discussed in the next sections are the same for both bases. However, when accounted for under the modified accrual basis, revenues are subject to an additional, extremely significant, stipulation. They cannot be recognized until they are both measurable and available to finance expenditures of the fiscal period. Modified accrual accounting, revenue recognition for government entities, revenue recognition for governmental accounting. Revenue recognition, nonexcahnge transaction, derives tax revenue, government mandated non exchange, voluntary nonexchange translations, imposed nonexchange revenues, revenue recognition for fund accounting
What is Fund Accounting?
 
04:06
What is Fund Accounting? The definition of fund accounting is a method of accounting used by a nonprofit organization that illustrates accountability, rather than profitability. In a business you want to know the basics of fund accounting - how much was spent, how much was earned, and how much was left over. With a nonprofit you want to know these things, but you also want to make sure that the money you have, receive, and spend is allocated for the proper purpose. Welcome to fund accounting. Fund accounting can potentially get very complicated, depending on the needs of your organization. FASB117 and FIN46 are the IRS resources that outline all needs of a nonprofit accounting system. However, for this particular tutorial, we will solely be focusing on what fund accounting is and how you can implement it for your organization. Try Aplos Fund Accounting: https://www.aplos.com Read the full lesson at: https://www.aplos.com/academy/course/intro-to-nonprofit-accounting/what-is-fund-accounting Interested in taking our free 5-day accounting course for nonprofits? Sign up here: https://www.aplos.com/academy/nonprofit/nonprofit-accounting/nonprofit-accounting-5-day-email-course/
Views: 36010 Aplos
FASB Not-For-Profit Grant and Contribution Accounting
 
02:00
FASB members and staff discuss the new proposal intended to improve not-for-profit grant and contribution accounting.
Introduction - Government And Not-For-Profit Accounting
 
02:35
A key objective of financial reporting is to provide information about an entity’s financial performance during a specified period. Financial accounting and reporting, however, are concerned almost exclusively with the goal of maximizing either profits or some variant of it, such as cash flows. The financial reports of governments and not—for—profits can provide information about an organization’s inflows (revenues) and outflows (expenditures) of cash and other resources. If the financial statements of a government or not-for—profit incorporate only monetary measures, such as dollars and cents, they cannot possibly provide the information necessary to assess the organization’s performance. Governments and not—for-profits are governed mainly by their budgets, not by the marketplace. In sum, expenditures drive revenues. A government or not—for—profit’s release of its annual report is customarily ignored by both organizational insiders and outsiders. For governments and not-for—profits, the budget takes center stage— properly so, because the budget is the culmination of the political process. Because it is so important, the budget, unlike the annual report, is a source of constituent concern and controversy. Constituents of an organization want information on the extent of adherence to the budget. They want to know whether revenue and expenditure estimates were reliable. The accounting system and the resultant financial reports must be designed to provide that information. Currently, few governments and not—for-profits have established budgetary and accounting systems to measure and report adequately on the nonmonetary aspects of their performance. Government Accounting. Understand the characteristics that distinguish governments and not-for-profit organizations from businesses (for-profit entities). Identify the features that distinguish governments from not- for-profits. Identify authoritative bodies responsible for setting GAAP and financial reporting standards for different governmental and not-for-profit entities. Governments and not—for—profit organizations have much in common with businesses. However, the differences between the two environments are sufficiently pronounced that business schools have established a separate course in governmental and not— for—profit accounting apart from the usual accounting courses—financial accounting, managerial accounting, auditing, and information systems.
Views: 4653 Faithful Runner
Cash flow Projections Template for Resources for Nonprofit Financial Management
 
23:14
Excel worksheet designed to help nonprofit financial managers build and monitor cash flow projection over the course of a fiscal year. View this video for a step-by-step instructional video on how to use the tool. The tool can be downloaded here: http://www.wallacefoundation.org/knowledge-center/Resources-for-Financial-Management/Pages/Cash-Flow-Projections-Template.aspx
Views: 12529 Wallace Foundation
The Nonprofit Accounting Suite for Acumatica ERP
 
04:42
Try a free course today at http://www.acucademy.com/acumatica-free-course-offer Do you know how to use the Nonprofit Accounting Suite for Acumatica ERP? Learn more about NonProfitPlus today by visiting http://www.nonprofitplus.net
Views: 110 AcuCademy
Intro to Nonprofit Accounting | Fund Accounting | Araize Academy
 
01:05
Want to take control of your Nonprofit Financial Management? [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo What does it take to become a sustainable nonprofit? Like any business you need a sound business plan but for nonprofits, this plan must include both your mission and financial management of your organization. What separates nonprofits from for-profit businesses? It's not about profits. It's about fulfilling your mission while being accountable to your funding sources. As a nonprofit, you must account for every dollar that comes into your organization and every dollar that goes out. This means knowing the who, what and why of all your revenue and expenses. Without the right accounting knowledge and tools, these tasks can be difficult, confusion and frustration to maintain. Understanding nonprofit financial management empowers you to take control of your finances and achieve your mission. ****************************** Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management and learn how to achieve your financial goals.
Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR
 
39:25
www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Government and not‐for‐profit organizations establish their accounting systems on a fund basis. In governmental and not‐for‐profit accounting, the term fund has a different meaning than it does in business accounting. In business accounting, funds typically refer either to working capital (current assets less current liabilities) or to selected elements of working capital (such as cash and investments), and only a single accounting entity is used to account for all the activities of a business. The crux of nonbusiness accounting is fund accounting, and it forms the basic building block of governmental accounting and financial reporting. It is an accounting device that an entity uses to keep track of specific sources and uses of funds. In governmental and not‐for‐profit accounting, a fund is a fiscal and an accounting entity. Each fund has its own self‐balancing set of accounts from which financial statements can be prepared. Thus governmental and not‐for‐profit entities customarily use several funds—that is, sev- eral fiscal and accounting entities—to account for their resources and activities. A government’s fund structure rarely mirrors its organizational structure. The number and types of funds that a governmental entity uses is not dependent upon its size but rather upon how the government is organized, its sources of revenue, and the services it provides.
ASI Non Profit Plus for Acumatica
 
01:27
Non Profit Plus brings automation to Fund Management, Grant Management, Fund Accounting and Encumbrance Processing.
Views: 210 Acumatica
Nonprofit Accounting | Nonprofit Financial Management | Webinar
 
26:36
Learn how to become sustainable through transparency and accountability. Watch and find out how your nonprofit can thrive and meet financial goals through proper nonprofit financial management. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - http://demo.araize.co [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Modified Accrual Accounting | Current and Economic Financial Resources Measurements | CPA Exam
 
36:56
www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ What is 'Modified Accrual Accounting' Modified accrual accounting is an accounting method commonly used by government agencies that combines accrual-basis accounting with cash-basis accounting. Modified accrual accounting recognizes revenues when they become available and measurable and, with a few exceptions, recognizes expenditures when liabilities are incurred. A modified accrual accounting system can also divide available funds into separate entities within the organization to ensure that the money is being spent where it was intended. BREAKING DOWN 'Modified Accrual Accounting' The modified accrual method of accounting costs less to maintain than full accrual accounting. However, the modified accrual method is not an acceptable basis for external reporting of financial statements for public companies. Read more: Modified Accrual Accounting https://www.investopedia.com/terms/m/modified-accrual-accounting.asp#ixzz585CZRXmD Follow us: Investopedia on Facebook economic measurement focus, current measurement focus, modified accrual, accrual basis, cash basis
Interperiod Equity, Capital Assets - Government And Not-For-Profit Accounting
 
02:20
Interperiod Equity A. The concept that constituents pay for the services they receive and do not shift the burden to the next generation. B. When government and NFP fail to balance their operating budgets, the cost of benefits enjoyed by those of today must be borne by those of tomorrow. C. To maintain interperiod equity, the accounting systems of governments and not—for—profits must provide information as to whether this objective is being attained. Interesting Facts #1 State and local governments received $1.3 trillion in tax revenues in 2010, #2 State and local governments are responsible for approximately 15 percent of total employment in the United States. Capital Assets * the conventional business practices used to value assets may not be applicable. * Unlike businesses, both governments and not—for—profits have investments that a. may neither produce revenues nor save costs. b. may be more properly interpreted as liabilities. c. may be restricted to particular activities or purposes. Example * highway or bridge will not yield cash benefits to government * they have to be maintained and serviced, they will consume, rather than provide, resources. Government Accounting. Understand the characteristics that distinguish governments and not-for-profit organizations from businesses (for-profit entities). Identify the features that distinguish governments from not- for-profits. Identify authoritative bodies responsible for setting GAAP and financial reporting standards for different governmental and not-for-profit entities. Governments and not—for—profit organizations have much in common with businesses. However, the differences between the two environments are sufficiently pronounced that business schools have established a separate course in governmental and not— for—profit accounting apart from the usual accounting courses—financial accounting, managerial accounting, auditing, and information systems. #STORYTELLERS2 #WeWantOurCountryBack #AllDayBreakfast Taylor Swfit Lady Gaga
Views: 1406 Faithful Runner
Fund Accounting, Municipality - Government And Not-For-Profit Accounting
 
01:22
Fund Accounting Accounting system designed to prevent governments and not—for—profits from inadvertently misspending restricted resources. As with budgetary mandates, violations against restrictions carry serious consequences. Ownership Interests Neither governments nor not—for—profits have defined ownership interests like those of businesses. no stockholders or bondholders who are entitled to receive residual resources. Internal and External reportings are less distinctive compare to business' accounting reportings. Municipality a municipality is a village, town, or city. it's also refer to any other nonfederal government, including school districts, public authorities, and even states.
Views: 789 Faithful Runner
YPTC Training Videos: Unique Elements of Nonprofit Financial Reports
 
16:57
This video shows how nonprofit financial reports differ from those of for-profit organizations.
Views: 8432 Eric Fraint
Human Resource Accounting   Introduction
 
32:05
Human Resource Accounting (Basic Concepts and Introduction)
Views: 24272 Ajinkya D
QuickBooks Cloud For Nonprofit Accounting
 
01:13
QuickBooks Nonprofit software has enabled nonprofits and charities to manage fund accounting, track expenditures and allocate resources for specific programs in a better way. But the lack in real-time accessibility of QuickBooks application and data from any location or any device, along with restriction in third-party business application integration on the local system presents many challenges to nonprofit accounting. This video discusses why QuickBooks Cloud is better for non-profit and charity organizations than using QuickBooks traditionally on your local system. QuickBooks Cloud simplifies fund accounting by offering - a) Accessibility to non-profit and charity organization's critical data anytime, anywhere. b) Security to your donors and donations list and other charity data better than your local system as QuickBooks cloud service provider offers total protection. c) Easy integration with nonprofit applications for easy data sharing and sync with QuickBooks software. Manage nonprofit accounting on Ace Cloud Hosting's high performance and secure servers today! Visit: https://goo.gl/Kg3SiV #QuickBooksHosting #Nonprofit #Charity #Accounting #QuickBooksForNonprofit
Views: 10 Ace Cloud Hosting
Nonprofit Accounting Methods: Cash vs Accrual
 
02:07
http://bit.ly/accounting-methods Nonprofit accounting methods for small nonprofits are very different and more complicated than those for for-profit businesses. READ MORE: http://bit.ly/accounting-methods ****************************** Want to take control of your nonprofit management and become more accountable and sustainable? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Not For Profit Accounting (VHWO's, Revenue Vs Support, Program Vs Supporting Services, Funds, Etc)
 
32:35
Accounting for Private Not For Profit Organization (Voluntary Health & Welfare Organizations), VHWO's, understanding accounting for (1) Where is Funding $ Comming From & How Its Spent ??, (2) Any Restrictions on Funds or Resources received ??,(A) Distinction between Revenue & Support, (B) Distinction between Expenses Function of Organization (Primary Mission*) Program Services Vs Supporting Services, Temporary (Donor) Restriction* Expires When: (a) Stipulated time has elapsed, (b) Stipulated purpose has been fulfilled, (c) Useful Life of donated has ended (Can Reclassify To Unrestricted After Restrictions Expire), Use Normal Accrual Accounting, not Modified Accrual & Report Contributions & Investments At Fair Value , detailed accounting by Allen Mursau
Views: 1346 Allen Mursau
What Is Nonprofit Functional Accounting? | Vlogcast #7 | Araize Academy
 
01:51
Nonprofit organizations are subject to unique accounting and reporting requirements Expenses must be reported by Functional Area: Support Services and Program Services 1. Support Services Management and General – Day to day administrative activities such as management, accounting, human resources and governance. Fundraising – Activities related to appeals for support through donations and fund raising events. Program Services - Activities related to providing the services for your mission. Readers of your financial statements, such as donors are interested in understanding the relationship between an organization’s program expenses and its supporting expenses. This helps answer the “why” question regarding an organization’s expenses. ****************************** Want to take control of your Nonprofit Financial Management? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Basics of Nonprofit Accounting
 
03:02
Allen L. Fetterman, CPA, MBA
Business and Non Profits - Resources and Training
 
10:56
Offere TLG Classes at your business or non profit.
Views: 79 tlgteacher
Not For Profit Accounting (Colleges & Universities, Basic Accounting For Different Fund Groups)
 
30:24
Not-For-Profit Accounting for Colleges & Universities, Private Vs Public Colleges & Universities have differences In accounting for external purposes but both use similar Accounting for internal purposes (Looking at that), College & University Accounting is similar to other Not-For-Profit Organizations for setting up Donor Restrictions $ Received (External Restrictions), example would be for Grants received & how the $ can be spent, account for Asset resources by setting up Fund Asset Categories, External (Donor) restrictions on how Funding $ should be Spent (Time & Purpose Restrictions), Funds are structured around the Rule for (Restricted $), if Restricted Funding $ is received do not recognize Revenue & Expense until after $ are spent for the intended purpose, review the different Funds including, Current Unrestricted Fund: Unrestricted $, accts. for current assets available to cover current operational costs, no Limitations on how $ are spent on resources received, Current Restricted Fund: Restricted $, accts. for current assets available to cover current operational costs where some Limitations exist on resources received from an external entity (Donor), additionally looking at Types of Endowment Funds, (including gains & losses), Annuity Life income Funds, Etc., detailed accounting by Allen Mursau
Views: 12660 Allen Mursau
Nonprofit Accounting Online Course | Financial Management
 
01:22
Learn the fundamentals of nonprofit accounting and empower your organization to achieve your mission-based goals. Learn More: https://www.araize.com/nonprofit-financial-management-course-registration/ Essential training for nonprofit financial managers and accountants. Teaches you the basics of nonprofit financial management to help your organization become more sustainable and accountable to your funding sources. Become an expert in non profit financial management. Highlights of the online course include: *Fund Accounting *Functional Accounting *Internal Controls *Government Compliance *Transparency and Accountability *Nonprofit Chart of Accounts *Nonprofit Budgets *Nonprofit Financial Statements *Nonprofit Direct and Indirect Cost Allocations *Nonprofit FASB Rules This course will help you save time and money on audit fees Online Learning - access anytime, anywhere on any device ****************************** Want to take control of your nonprofit finances and become more accountable and sustainable? Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo [Online Course] Nonprofit Accounting Fundamentals. Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible. Register Now: https://bit.ly/NFM_Course Connect with us on: Web: http://www.araize.com Facebook: https://www.facebook.com/Araize LinkedIn: https://www.linkedin.com/in/joescarano Twitter: https://twitter.com/FastFundOnline Google Plus: https://plus.google.com/u/0/+Araize Have questions? We welcome your questions, comments and feedback below. Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management.
Using QuickBooks to Ensure Your Nonprofit Is Audit-Proof: Accounting for NGOs
 
59:06
Video from NetSquared Vancouver's April 3 meetup. Nonprofits have it tough. Not only are you working with a limited budget, you are also required meet a high level of compliance. Concerns and confusion around compliance can eat up precious resources and distract you from achieving your mission. If your nonprofit doesn't have its books in order, then ensuring you are compliant with tax regulations can be a real drain on resources. Accounting software can help, but only if you know how to use it effectively. In this workshop, Bob Wang and Jean Elwell of Legacy Advantage share some guidance on how to run an audit-proof nonprofit. In the presentation they focus specifically on QuickBooks (desktop version available through TechSoup Canada's product catalogue), but many of their insights and best practices are applicable to any accounting system. https://www.meetup.com/net2van/events/245927439/
Governments vs. Not-For Profits - Government And Not-For-Profit Accounting
 
01:06
BUSINESS-TYPE ACTIVITIES governments and not-for-profit organizations engage in business-type activities may be managed as if they were for profit. Example The accounting and reporting may differ from those that are most suitable for their nonbusiness activities. GOVERNMENTS vs. NOT-FOR PROFITS Governments have the authority to command resources. They have the power to tax, collect license and other fees, and impose charges. NFPs rely on donors or grants for resources. a comprehensive picture of a government’s fiscal status should consider not only the resources actually owned by the government but also those that it has the power to summon. __________________________________________________________________________________________________________________________________ Each category of government will likely differ from others in the services it provides, the type of assets it controls, its taxing and borrowing authority, and the parties to which it is accountable. Moreover, even governments in the same category may vary in the services they provide. Their diversity limits the suitability of a common accounting model (i.e., set of accounting and reporting principles) for any single, or even for any particular type of, government or not-for—profit entity.
Views: 299 Faithful Runner
Sample Content | Governmental & Nonprofit Accounting & Reporting BLT
 
05:41
What resources are available to governments for funding various public projects? Faculty member Greg Allison discusses the various revenue streams governments can access in this hands-on exercise.
Views: 821 [email protected]
Not for Profit Accounting Services
 
01:12
We understand the challenges some organizations face when operating a not for profit practice. We are here to offer our services toward your success! http://www.bmfms.com
Best Practices in Financial Management for Nonprofits
 
01:10:24
Wendy Stewart, Senior Vice President and Senior Client Manager at Bank of America and Rachel Epps Spears, Executive Director, Pro Bono Partnership of Atlanta discuss financial recordkeeping and reporting, investment policies, and internal controls to help nonprofits remain financially fit. 0:10 About Foundation Center 1:43 About Pro Bono Partnership 6:43 Why should you care about good financial management? Help us -- and your peers -- by adding more timepoints to this video! Use comments to send us times and topics. More at GrantSpace: http://grantspace.org/tools/multimedia/video/Best-Practices-in-Financial-Management-for-Nonprofits-2009-08-05 Visit us at http://www.grantspace.com for more helpful resources. Visit the new Foundation Directory Online (FDO) YouTube channel: https://www.youtube.com/channel/UCds-B13qxofgUn9REH6NBOw/videos
Views: 2076 Candid
Nonprofit Accounting in the Cloud ERP
 
30:01
Brought to you by Empower Business Solutions. Get in touch with [email protected] or [email protected] to learn more! Nonprofit Accounting Software in the Acumatica Cloud ERP.
Views: 93 NonProfitPlus
CPA Profile: Debra Lockwood, CPA
 
04:47
Meet Debra Lockwood, CPA, EVP and CFO of Provident Resources Group and hear her talk about her career in non-profit accounting.
Views: 2835 ThisWayToCPA
Intro to Nonprofit Finance Pt 1
 
20:34
Presented by Linshuang Lu Praxis Consulting 2011 For The Capstone Institute for Christian Nonprofit Excellence
Views: 9164 Sam Harrell
Webinar - Navigating the World of Donated and Discounted Resources for Nonprofits - 2015-09-24
 
01:02:16
Visit http://www.techsoup.org for donated technology for nonprofits and libraries! Did you know that more than $1 billion in technology services, software, and hardware is donated each year to support social causes around the world? Hundreds of donated or discounted technology products are available for nonprofits, whether desktop software, computer equipment, accounting packages, network hardware, or cloud-based tools. TechSoup's Gayle Samuelson Carpentier, Independent Sector's Matt Perdoni, and Good360's Lenore Freeman navigate this landscape so you can access the many resources available. By taking advantage of programs from industry leaders like Microsoft, Google, Adobe, Cisco, Salesforce, and Intuit, can help you stretch dollars while improving and streamlining operations. In this webinar, you will: -- Hear about the top five resources no nonprofit or library can or should do without. -- Identify tools that can help you organize data about your donors and volunteers. -- Be exposed to the array of software products available to help support or streamline operations and office processes.
Views: 270 TechSoupVideo
TALLY ERP 9- FINAL ACCOUNTS | TRADING ACCOUNT | PROFIT AND LOSS| Balance Sheet (Hindi)-Day-12
 
10:53
Learn Final accounts in Tally ERP9, It give an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. Generally Final Accounts consist of Trading Account, Profit and Loss Account and Balance Sheet. Learn How to Display Final Accounts in Tally, How to Modify and ratify it. Learn Basic Accounting Concepts of Final Accounts in Tally. It is Full Step by Step Tally Tutorial in Hindi. Must Watch to Master in Tally Accounting Practical Approach to work smartly. Have a Nice Day!!! Happy Learning!!! Keep Learning!!! Watch All Day by Day Video ::- Day-1 Complete Basic Accounting Class with Example|Journal Entry in Tally https://www.youtube.com/watch?v=vZQGxkommug&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&index=1 Day-2 INTRODUCTION to TALLY ERP 9 https://www.youtube.com/watch?v=XCszfm-6nBY&t=1s Day-3 Company Creation, Alteration, Tally Password https://www.youtube.com/watch?v=pqLoH8ObJ_M Day-4 Concept of Groups in Tally https://www.youtube.com/watch?v=6wi9BGM4iLA Day-5 How to Create Ledgers- https://www.youtube.com/watch?v=Cb6QLeXs_OU Day-6 Voucher Entry -Contra, Payment, Receipt, Journal, Sales, Purchase Voucher https://www.youtube.com/watch?v=tGX9iZSWu9I Day 7- Watch All Bank Transaction Entries in Tally- https://www.youtube.com/watch?v=QV1M0ALJPOA Day 8- Discount Related Entries in Tally | Cash or Trade Discount | All About Discount Tally https://www.youtube.com/watch?v=AfMlAyxw3j8&index=8&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s Day-9- Basic Adjustment Entries|Journal Voucher Entries https://www.youtube.com/watch?v=IYBoqln8uK4&index=9&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s DAY-10- Common Tally Problems Dr/ Cr Mode|Single Payment Modehttps://www.youtube.com/watch?v=43azz8FC89A&index=10&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv Watch All Bank Trascation Entries in Tally- https://www.youtube.com/watch?v=QV1M0ALJPOA Learn Accounting - https://www.youtube.com/watch?v=vZQGxkommug&t=25s INTRODUCTION to TALLY ERP 9 Day-2| Tally Versions, Gateway of Tally, Company -https://www.youtube.com/watch?v=XCszfm-6nBY&t=1s Tally ERP 9 Company Creation,Alteration,Tally Password,Vault Password,Delete Company-https://www.youtube.com/watch?v=pqLoH8ObJ_M Concept of Groups in Tally- https://www.youtube.com/watch?v=6wi9BGM4iLA How to Create Ledgers- https://www.youtube.com/watch?v=Cb6QLeXs_OU Voucher Entry -Contra,Payment,Receipt,Journal,Sales,Purchase Voucher- https://www.youtube.com/watch?v=tGX9iZSWu9I Download Practices Entries form our blog: http://cpitudaipur.blogspot.in/ Watch Tally Erp 9 Shortcut and Tricks- https://www.youtube.com/watch?v=s2vcoM6kF8M&t=25s Watch Tally Erp 9 Calculator Tricks- https://www.youtube.com/watch?v=wdTXMZIfdh4 Watch How to Run Tally in Pen Drive- https://www.youtube.com/watch?v=48yH5o4ytLA Learn Tally Erp 9 Basic To Advance Level-https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv Visit Our Website: http://www.cpitudaipur.com Visit Our Blog: http://cpitudaipur.blogspot.in/ Like Our Facebook Page: http://facebook.com/cpitudr Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Digital Transformation in a Medical Non Profit
 
07:24
Digital Transformation in a Medical Non Profit Every organization – businesses and non-profits alike – must learn to do more with fewer resources. Today’s business climate makes understanding the customer, and creating the right experience for them, a top priority. CURE International operates in many countries and focuses on treating orthopedic and neurological conditions in children. To better fulfill its mission, CURE realized it needed to get smarter about growing its infrastructure and improving the user experience for both patients and donors. Hear how CURE International uses a sophisticated level of digital experience to engage donors, encourage contributions, and improve health care delivery to the children who are its patients. Learn how tracking and aggregating user data on CURE’s website contributes to a better digital experience. For more information, see https://www.cxotalk.com/video/digital-transformation-medical-non-profit ------------------ Check out all the CXOTALK episodes: https://cxotalk.com/episodes ------------------ Follow us on Twitter: https://twitter.com/cxotalk ------------------
Views: 1190 CXOTALK
Talk with an IJM Recruiter - Exploring Careers in Non-Profit Accounting
 
22:51
Join the hangout to hear about accounting and finance careers with international non-profits.  This Hangout will feature professionals at IJM who have brought their skills and experience to propel the mission of IJM .   Featuring: Jennifer Mabe - Director of Recruiting at IJM Kirk Mitchell - Accounting Manager, Grants Christine Spears - Sr. Manager Accounting & International Payroll
What Is Not For Profit Accounting?
 
00:46
Not for profit guide to accounting standards not organizations in. Ives, patton what counts social accounting for nonprofits and cooperativesNonprofit explanation accountingcoach. Our initial consultation is free 27 aug 2015 this article explores some key differences in accounting for nonprofit organizations and profit businesses glossary of not financial terms. Nonprofit accounting explanation accountingcoach nonprofit url? Q webcache. Nonprofit accounting explanation accountingcoach. Accounts introduction to governmental and not for profit accounting, 7th edition. Jjco glossary of not for profit financial and accounting government pearson. Nonprofit organizations serve in a variety of sectors, such as religious, education, health, social services, commerce, amateur sports clubs, and the arts definition not for profit accounting this type involves non companies like universities, medical institutions, federal point view financial reporting framework could changes to standard impact entities? Our summary fasb's proposed asu that would significantly change. Not for profit entities aicpanon finances. Nfpas not for profit accounting specialists. Guide to not for profit accounting, formation and reporting nonprofit fundraising strategy the 2017 edition provides assistance in unique preparation, auditing, accounting of financial statements entities. This edition enhance your working knowledge of fundamental not for profit accounting and reporting, presentation requirements, note disclosures unique to profits, 27 jan 2015whether you're an employee, manager or board member in a organization aspire one those positions north's new nfpas are specialists the sector, with auditing, bookkeeping, payroll other services. What is not for profit accounting? Definition and meaning accounting pwcfasb releases standard nonprofit basics featured articles. Not for profit entities audit and accounting guide aicpa store. We hope you will find this glossary a useful resource when reviewing financial statements. Unlike for profit businesses that exist to generate profits their owners, nonprofit organizations pursue missions address the needs of society. Accounting for not profit organizations youtubenorth seattle college. Accounting and reporting for not profit organizations. Introduction government and not for profit accounting youtube. Generally accepted accounting 18 aug 2016 the financial standards board released its long awaited update for not profit reporting, albeit welcome to nonprofit basics a resource designed help you produce accurate records and reports, encourage measure accountability, as statement preparer or auditor, it is essential understand unique operational, regulatory, accounting, auditing aspects of 29 oct 2013 information about managing finances your organisation, including responsibilities 5 organization private sector government controlled (nfp)? Chartered professional accountants canada also important australia's economy. Googleusercontent searc
Views: 12 crazy sparky