Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

QuickBooks Desktop Not for Profit Organizations

Learn to enter data into QuickBooks for a not for profit organization from a practicing CPA, CGMA, CPI, with B.S.tax

4.68 (48 reviews)

22596

Students

11.5 hours

Content

Nov 2019

Last Update
$109.99
Regular Price


What you will learn

Not for profit accounting using QuickBooks including a charity, health care organization, and college

How to set up a QuickBooks for a not for profit organization

How to organize a chart of account for a not for profit organization in QuickBooks

How to enter data into QuickBooks using forms and how those transactions will impact the financial statements

How to customize forms for a not for profit organization using QuickBooks

How to generate and analyze report for a not for profit organization using QuickBooks


Description

QuickBooks Desktop Not for Profit Organizations will provide the tools to enter data into QuickBooks for a not for profit organization.

This QuickBooks course will consist of three comprehensive practice problems. One problem will be for a charitable organization, one for a health care organization, and one for a not for profit school.

We will learn how to set up a QuickBooks file for a not for profit organization.

The course will show how to create a chart of accounts and items list for a not for profit organization.

Learners will learn how to enter data into the QuickBooks system using forms.

We will learn how to customize forms so that they can be used to provide to donors.

The course will show how to generate and analyze reports. We will also learn how to print, display, and distribute reports.

Learners will learn how to use the QuickBooks class feature to categorize expenses as restricted or unrestricted. We will also learn to use the job costing feature to track each restricted item in detail.

The course will provide backup files that allow learners to jump forward or rework any part of the comprehensive problem.

We will also provide Excel files as we work through the problem. We will break each comprehensive problem done and enter it into the system one journal entry at a time. We will show how the journal entry would be entered using debits and credits in Excel first, and then enter the transaction into QuickBooks. Excel is a more transparent system, making it easier to see and understand the connections. Once we understand the objective, we will then move to QuickBooks to enter the data. The system of first Entering data into Excel to understand the objective will be very useful when we need to use more complex features like class tracking and job costing.


Screenshots

QuickBooks Desktop Not for Profit Organizations
QuickBooks Desktop Not for Profit Organizations
QuickBooks Desktop Not for Profit Organizations
QuickBooks Desktop Not for Profit Organizations

Content

Introduction

Overview

Backup Files

105 Restore Backup File Download

Excel File to Download

110 Objectives Of Practice Problems Download

Accounting Comic Break Download

Problem One - New QuickBooks File

2 Problem One New QuickBooks File Download

Excel File To Download

QuickBooks Backup Files (Optional)

Example Forms We Will Generate

115 New QuickBooks File Download

120 Turn on Class Tracking Download

125 Office Space Donated Download

130 Cash Donation Download

135 Pledge Download

140 Government Grants Download

145 Salaries Expense Download

150 Donor Pledge for Construction Project Download

155 Donation & Purchase of Furniture Download

160 Month End Expenses Download

165 Adjusting Entries Download

170 Allocate Expenses to Classes Download

172 Net Assets Released From Restriction Download

175 Closing Entries Download

180 Statement of Financial Position Download

190 Restricted Net Asset Detail Report Download

185 Statement of Activities Download

Accounting Comic Break Download

Problem Two - Multiple Years of Operations

3 Problem Two Multiple Years of Operations Download

Example Forms We Will Generate

QuickBooks Backup Files

Excel File to Download

305 Restore Backup File Download

310 Review Practice Problem Download

315 Cash Received From Grant Download

320 Contributions, Dues, & Fees Download

325 Craft Sales & Commission Revenue Download

330 Interest Income Restricted & Unrestricted Download

335 Grants Receivable & Deferred Revenue Download

337 Donated Office Space Download

340 Month End Expenses Download

345 Short Term Investment Matures Download

350 Net Assets Released Download

355 Net Assets Released # 2 Download

360 Allocate Expenses by Function Download

365 Pay Payable Download

370 Closing Entries Download

375 Statement of Financial Position Download

380 Statement of Activities Download

390 Restricted Net Asset Detail Report Download

Accounting Comic Break Download

Problem Three - Not for Profit College

4 Problem Three Not for Profit College Download

QuickBooks Backup Files

Excel File to Download

510 Restore Backup File Download

512 Review Practice Problem Private College Download

515 Tuition & Fees Download

520 Tuition Waiver For Student Work Download

530 Pledges & Contributions Download

535 Cash Received Contributions & Pledges Download

540 Cash Received For Tuition On Account Download

545 Deposit Returned Download

550 Expenses Download

560 Restricted Assets Released Download

565 Pay Cash On Account Download

670 Investment Income Received Download

675 Record Allowance & Depreciation Download

680 Unearned Revenue Adjusting Entry Download

685 Gain On Investment Adjusting Entry Download

700 Closing Entries Download

710 Financial Statements Download

Accounting Comic Break Download



Reviews

M
Michael.30 June 2020

Topic is great but lecture #3 led me to believe that at some point I'll need to have Quick Books Pro 2020, which I currently don't have. Things like this should be listed as pre-requisites prior to purchasing.

G
Gerald4 June 2020

It is a good one because I did not know how to use QuickBooks for NFPs. I will learn through with Bob. He does tricks on QuickBooks that I never have thought of, and I love the tricks. The tricks are agreeable because they are systematic. I will learn more from him in other courses. As a result of this course, I will build my own organization with bookkeeping at ease.

L
Lori6 May 2020

Great information on the different types of transactions. I like the manual accounting on spreadsheet to explain how the transaction will flow. Glad I have accounting experience. Someone with less would be confused.

D
Dennis25 March 2020

I like what is given so far. I am familiar with Excel and feel this is a good approach to go from Excel to QB.



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2670362

Udemy ID

11/24/2019

Course created date

11/30/2019

Course Indexed date
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Course Submitted by