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Nonprofit Accounting Overview for Accountants
 
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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: 4048 Aplos
Nonprofit Accounting Basics | Vlogcast #5 | Araize Academy
 
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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.
5 Step Guide to Budget Development - Resources for Nonprofit Financial Management
 
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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: 22243 Wallace Foundation
What are Nonprofit Financial Statements?
 
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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: 8219 Aplos
Nonprofit Finance Fundamentals
 
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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
How to Start a Nonprofit Organization
 
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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: 47580 Aplos
Basics of Nonprofit Accounting
 
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Allen L. Fetterman, CPA, MBA
Step 4: Obtaining Your EIN - Starting a Nonprofit Organization in 5 Easy Steps
 
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(To get access my new 13-Point Startup Nonprofit Checklist with lots of free downloads and training go to http://www.heroes.do/13-point-nonprofit-startup-checklist now! OR - want it all done for you? Start a 501c3 for as low as $67 per month (1 year contract) - go to https://heroes.do/form-and-file-1023/ now. You'll get incorporated, get your Tax ID #, and get your 501(c)(3) IRS approved FAST using software and with help from real people. In this video at www.youtube.com/watch?v=AeuU3OYT8qI, Christian LeFer covers Step 4 of "Starting a Nonprofit Organization in 5 Easy Steps": Obtaining Your Employer Identification Number (also known as Tax ID Number). Please "Like" this video and leave a comment! Like and Follow our new, updated resources! www.facebook.com/heroesdo www.twitter.com/heroesdo
Views: 20624 GetNonprofitStatus
Not For Profit Accounting (VHWO's, Revenue Vs Support, Program Vs Supporting Services, Funds, Etc)
 
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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: 1327 Allen Mursau
Step 1: Naming Your Non-Profit - Starting a Non-Profit Organization in 5 Easy Steps
 
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(To access free training and download your 13-point Nonprofit Startup Checklist, go to http://www.heroes.do/13-point-nonprofit-startup-checklist now! OR - want it all done for you? Start a 501c3 fast and easy - go to https://heroes.do/form-and-file-1023/ now. We'll get you get incorporated, get your Tax ID #, and get IRS approved using software and with help from real people. In this video at www.youtube.com/watch?v=D7LSO2qNypM, Christian LeFer covers Step 1 of "Starting a Non-Profit Organization in 5 Easy Steps": Naming Your Organization. Please "Like" this video and leave a comment! Like and Follow our new, updated resources! www.facebook.com/heroesdo www.twitter.com/heroesdo
Views: 100500 GetNonprofitStatus
FASB Not-For-Profit Grant and Contribution Accounting
 
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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
 
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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: 4554 Faithful Runner
Join AICPA’s Not for Profit Section: Where Expanded Resources Help NFPs Grow Stronger
 
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Membership in the AICPA’s Not-for-Profit Section gives you industry-specific NFP accounting information and trusted resources. Because the more you can help not-for-profits, the more good they can do. For more information, visit http://www.aicpa.org/joinnfp
Views: 14190 AICPA
Fund Accounting, Municipality - Government And Not-For-Profit Accounting
 
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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: 745 Faithful Runner
Governments vs. Not-For Profits - Government And Not-For-Profit Accounting
 
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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: 295 Faithful Runner
Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR
 
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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.
Policies Every Nonprofit Organization Should Consider Having
 
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When we think of nonprofit policies, we generally think of financial policies. Those are important! But in this session we examine other kinds of organizational policies that can help drive an organization to its next level of performance: those pertaining to programs, fundraising, marketing, staff development, volunteers, and board organization. A topic for nonprofit managers and board members! Presented by Clyde Kunz. With more than 23 years of experience in the non-profit sector, Clyde Kunz has worked with many nonprofit organizations in organizational development and fundraising capacities. He also teaches Board Governance and Resource Development for the Nonprofit Management Institute at the ASU Lodestar Center. Mr. Kunz has been actively involved in professional organizations and has served on several nonprofit boards. Currently, he serves on the boards of directors of two private foundations, one local and one national.
Best Practices: Choosing a Nonprofit Accounting Software
 
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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: 65 The Resource Group
Sample Content | Governmental & Nonprofit Accounting & Reporting BLT
 
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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: 814 [email protected]
YPTC Training Videos: Unique Elements of Nonprofit Financial Reports
 
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This video shows how nonprofit financial reports differ from those of for-profit organizations.
Views: 8013 Eric Fraint
What Is Nonprofit Functional Accounting? | Vlogcast #7 | Araize Academy
 
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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.
Texas Nonprofits' 2015 Guide to Selecting Accounting and Financial Software
 
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Available from Xanegy, this 16-page resource assists Texas Nonprofits with the selection of accounting software and the technology used to deliver the solution. The guide can be downloaded at www.xanegy.com/texas-nonprofits Based in Austin, Texas, Xanegy only serves Nonprofit organizations. The 'Texas Nonprofits' 2015 Guide to Selecting Accounting and Financial Software' covers a variety of topics and question designed to assist nonprofits as the look to find a powerful accounting software solution that can integrate with other mission-critical solutions like fundraising, grant management, online giving, patient billing, etc. Xanegy offers a variety of webcasts for nonprofits each month that are free charge - a complete listing of these webcast can be found at www.xanegy.com/calendar
Views: 25 XANEGY PSC, LLC
Nonprofit Accounting in the Cloud ERP
 
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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: 78 NonProfitPlus
Test Bank Accounting for Governmental & Nonprofit Entities 18e Reck
 
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Contact at getsmtb(@)msn(dot)com to get Test Bank OR Solutions Manual OR Ebook for Accounting for Governmental & Nonprofit Entities 18th Edition 18th Ed by Jacqueline Reck and Suzanne Lowensohn ISBN-10: 1259917053
Views: 126 Quality Resources
Accounting Bookkeeping Payroll Non profit StartUp
 
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خدمات مالی در تورنتو Accounting services, bookkeeping, payroll, non profit free services
Views: 172 Master Accountants
Not For Profit Accounting (Colleges & Universities, Basic Accounting For Different Fund Groups)
 
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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: 12438 Allen Mursau
Interperiod Equity, Capital Assets - Government And Not-For-Profit Accounting
 
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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: 1342 Faithful Runner
Using QuickBooks to Ensure Your Nonprofit Is Audit-Proof: Accounting for NGOs
 
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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/
Nonprofit Accounting | Nonprofit Financial Management | Webinar
 
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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.
Nonprofit Accounting Methods: Cash vs Accrual
 
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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.
Nonprofit Accounting Online Course | Financial Management
 
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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.
Intro to Nonprofit Finance Pt 1
 
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Presented by Linshuang Lu Praxis Consulting 2011 For The Capstone Institute for Christian Nonprofit Excellence
Views: 8742 Sam Harrell
Performance Evaluation for Not-for-Profit Organizations | Governmental Accounting | CPA Exam FAR
 
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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.
What Is Not For Profit Accounting?
 
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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
Nonprofit Industry: 2018 Accounting Standard Changes - Part 1 - Liquidity
 
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Five-part Series regarding the 2018 Accounting Standard Changes. Part 1 - Liquidity QUALITATIVE (LIQUIDITY) Disclose information on how the entity manages its liquid resources available to meet cash needs for general expenditures within one year of the date of the statement of financial position. Click link to view presentation: http://bit.ly/2Aj3Qfx
Views: 91 Smith Schafer CPAs
How to think about and measure nonprofit impact
 
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Measuring the impact of a nonprofit/charity can be a massive challenge. Social change rarely fits into a nice buckets that can be tracked. This video breaks down how to start thinking about nonprofit impact and how to measure it. These three sections represent the larger strategy of the organization, the theory of change, and the practical performance measurement. This outline compresses a lot standard nonprofit planning documents in attempt to distill the mission critical thinking needed to get started. Each area has questions a nonprofit should discuss and answer as a team. 1. Purpose and Intent Determine purpose of the organization. -What is the long term goal? -What need in society drove the creation of this organization? -What would need to happen for us to (successfully) go out of business? 2. Defining Outcomes and Indicators Identify outcomes that demonstrate impact. -What specific changes and outcomes will demonstrate the success you outlined above? -Outline Key Impact Indicators — (warning it’s hard) -What indicators will you use to measure those specific changes? 3. Track indicators over time Choose the methods you will you use to track each indicator. No matter which types of indicators, make sure results are stored in a consistent way in an online database. Tracking and analyzing is an important role, make sure there is someone who’s job it is to do this, preferably a data analyst. Get started measuring impact with our Impact Mapping Template: https://www.wholewhale.com/tips/nonprofit-digital-impact-mapping-template/ More resources: WholeWhale.com/impact ------- Whole Whale is a digital agency that leverages data and technology to increase the impact of nonprofits. In the same way the Inuits used every part of whale, Whole Whale leverages digital resources to see, "What else can this do for us?" ------- Check us out on Facebook : https://www.facebook.com/WholeWhale Tweet us: https://twitter.com/WholeWhale
Views: 10118 WholeWhale
Modified Accrual Accounting | Current and Economic Financial Resources Measurements | CPA Exam
 
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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
TALLY ERP 9- FINAL ACCOUNTS | TRADING ACCOUNT | PROFIT AND LOSS| Balance Sheet (Hindi)-Day-12
 
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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
Governmental Budgeting | Appropriations |  Encumbrances | Estimated Revenues | CPA Exam Far
 
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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/ A government may raise revenues only from sources allowed by law. Laws commonly establish the maximum amount of a tax or set a maximum tax rate. Revenues to be raised pursuant to law during a budget period are set forth in an Estimated Revenues budget. Resources raised by the government may only be expended for purposes and in amounts approved by the governing body or legislature. This is known as the appropriations process. An Appropriations budget, when enacted into law, is the legal authorization for the government to make expenditures for specific purposes. The amount expended may not exceed the amount appropriated for each purpose. In this manner, a government budget has the effect of law by limiting spending to approved levels. Estimated Other Financing Sources and Estimated Other Financing Uses are additional budgetary accounts reflecting anticipated inflows and outflows of resources from sources other than revenues and spending. Encumbrances and the related reserve for encumbrances are the final two budgetary accounts. When a purchase order or contract is issued as authorized by an appropriation, the government may recognize this commitment as an encumbrance. An encumbrance is not a liability because the goods or services have merely been ordered, not received. The process by which a government moves from budgetary authority to expending fund resources is described in the following section. Budgetary accounts, encumbrances, appropriations, estimated revenues, estimated other financing uses, estimated other financing sources, fund balance,
What is Fund Accounting?
 
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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: 33020 Aplos
Baruch Consulting Day Major Nonprofit Accounting Changes Laurence Scot
 
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Baruch College Consulting Day Major Nonprofit Accounting Changes Laurence Scot
Views: 8 Laurence Scot
Limiting factor/Scarce resources (AQA Accounting past paper June 2012 Q4)
 
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This video tutorial is from AQA A Level June 2012 Question No 4 based on Limiting Factor/ Scarce resource decision making in accounting. It was made on request from one of the students based in East London who is a student of Degenham Park Sixth Form. Helpful video tutorial for AAT level 4 Management accounting: Decision and control unit. Accounting lecture is a channel to help Accounting students across the globe. We help IGCSE/ O level Accounting, A Level accounting, LCCI Accounting, ACCA, CIMA, CAT, FIA, AAT and university Accounting up to PHD. Our video lectures are concise but comprehensive. Check our website for updated course materials i.e. past papers, marks scheme, Chapter wise course notes, examiners report, Formula sheets https://accountinglecture.com Please like our Face book Page for regular updates: https://www.facebook.com/accountinglecture/ Feel free to request for any video or question you have, Our dedicated lecturing team will help you.
Views: 1634 Accounting Lecture
Redkite | Delivering Non-Profit Services Across Australia with FinancialForce Accounting
 
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Redkite is an Australian cancer charity based in Sydney, Melbourne, Brisbane, and Perth, providing essential support to children and young people (0–24 years) with cancer, and the family and support network who care for them. Over the past 10 years, Redkite has been on an exciting transformational technology journey aimed at eliminating a disjointed, piecemeal infrastructure. The ultimate goal: enable Redkite’s vision of centralizing all its data. With FinancialForce in place, Redkite can better service its clients rather than waste limited resources on routine tasks. By streamlining back-end processes, the organization has saved time, reduced its operations overhead, and refocused its finance team on more important matters. Plus, it can easily manage and track all finance-related data from approval to payment – from anywhere – and generate instant reports as needed. Key highlights include: - 50% Reduction in Reporting - 360° Views of Client Data - 9% FTE Reduction
Views: 49 FinancialForce
Start a Nonprofit: Filing for 501c3 Tax Exempt Status
 
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SPECIAL NOTE (Sept. 1, 2014): There is now a form 1023EZ. It is shorter than this form (in video), cost less and you get your 501.c.3 quicker. Though you will still need to have all the documents I listed below. Learn more about the 1023EZ at: http://nonprofitally.com/get-your-501c3-fast-tax-exempt-in-weeks This video is an overview of the 501c3 nonprofit 1023 application process. To become a tax deductible nonprofit you need to get 501.c.3 status. To do this you must submit a form 1023 to the IRS. You must also include your nonprofit articles of incorporation and your bylaws. Here are some other important details you should be aware as you start the 501.c.3. process: BEFORE YOU START filling out form 1023, be sure you have: Filed your Articles of Incorporation: http://nonprofitally.com/articles Prepared your Bylaws: http://nonprofitally.com/bylaws Held your First Nonprofit Meeting: http://nonprofitally.com/meeting The IRS is going to ask for some specific details to be documented in you application. So be prepared to spend a few days filling out this form and gathering your resources. YOUR ARTICLES OF INCORPORATION and/or your bylaws should include: A statement of your exempt purpose(s), (such as charitable, religious, educational, and/or scientific purposes) A dissolution clause A conflict of interest clause ALSO, BE PREPARED TO give detailed answers about your*: Compensation of officers, directors, trustees, employees, and independent contractors Past, present, and planned activities Financial revenues and expenses *You may not know all of this information if you are a new nonprofit. An informed best guess is suitable, just be sure to state this in your documentation. OTHER RESOURCES A great book to help with this process is the "Nolo: How to Form a Nonprofit Corporation". This book includes a CD with sample bylaws and articles of incorporation. Learn more about the book at: http://nonprofitally.com/nolo (This is an affiliate link. I only recommend what I use and this book was invaluable. I highly recommend it.) The Nonprofit Ally website has a FREE "How to Start a Nonprofit" section at: http://nonprofitally.com/start-a-nonprofit Good luck. I hope this was helpful.
Views: 115246 Nonprofit Ally

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