Sponsored by: Maine Association of Nonprofits
Running a Nonprofit is very rewarding, but it can be challenging as well. First of all, the staff is usually small and tasks must be given to people who have little or no training in the area required. Nowhere is this truer than in doing the books. Few Nonprofits can afford to hire a true CPA or a fulltime bookkeeper to handle the day to day accounting functions, and many nonprofits are small enough that keeping the books isn’t a fulltime job anyway. Many end up just having the Executive Director or the Administrative Assistant enter the transactions when they have the time.
Still, others have a volunteer on the board do the books. Unfortunately, none of these individuals have the training needed to actually do the books efficiently and effectively. To make matters worse, Nonprofits have very particular reporting needs that most other businesses using QuickBooks® do not have. For instance, only Nonprofits need a Statement of Financial Revenue and Expenses report compared to the budget for the board; only Nonprofits have to track how a restricted grant was spent; only Nonprofits need expenses reported on a by program basis; and only Nonprofits have to track pledges, membership dues, tuitions, and so on.
It is this combination of non-accounting types performing the accounting functions coupled with unique and difficult report requirements that result in many frustrating hours lost, less-than-accurate reports, and ultimately an unhappy board.
The great news is QuickBooks® can, if used properly, give you all of this information instantly at a push of a button. After these training you will be able to:
- How to address cleaning up a "Mess"
- Create reports to show how Programs are performing
- Create reports comparing performance to the Annual Budget
- Track Grants and Pledges
- Track Membership Dues and Student Tuitions
- Generate Donor Thank-You letters
- Year-End Donor Acknowledgements
- Track Special Fund Raising Events
- Track your Volunteers
- Automatically Allocate Expenses between Programs/Grants
- In-Kind Contributions
- Tracking Speical Fundraising Events
- Much much more