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

4.10 (90 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
35,314
students
11.5 hours
content
Nov 2019
last update
$99.99
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 - Screenshot_01QuickBooks Desktop Not for Profit Organizations - Screenshot_02QuickBooks Desktop Not for Profit Organizations - Screenshot_03QuickBooks Desktop Not for Profit Organizations - Screenshot_04

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

Blyss
June 7, 2022
He makes it make sense. I don't know anything about quickbooks but I am able to follow along and get what he is saying.
Antonio
February 7, 2022
Explanations are easy to understand. Audio visual materials are very well done, increasing the course comprehension.
Michael.
June 30, 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.
Gerald
June 4, 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.
Lori
May 6, 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.
Dennis
March 25, 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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Related Topics

2670362
udemy ID
11/24/2019
course created date
11/30/2019
course indexed date
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course submited by