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Nonprofitaccountability

NON-PROFIT ACCOUNTABILITY & STEWARDSHIP - FUNDAMENTALS OF NON-PROFIT ACCOUNTING

Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 18, 2017
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

A key difference in for-profit and nonprofit standards is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. For-profit entities have a general ledger, which is a single self-balancing account — while nonprofits typically have a number of general ledgers, or funds. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. And since nonprofit organizations receive many benefits as tax-exempt organizations, they must keep detailed records about contributions, assets, and expenses.

Learning Objectives

  • Fund Accounting guidelines and practical application.

  • Chart of account structures for churches and nonprofits.

  • Donation tracking in bookkeeping.

  • Form 990 Preparation.

  • Software options for nonprofits.

  • And more!

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Alex Acree

Aplos Software, LLC
Product Manager
[email protected]
(888) 274-1316

Aplos

Alex is the Product Manager for Aplos; he works with the development team to make changes and enhancements to the software, and trains employees on any new additions. A patient teacher, Alex loves to break down IT and financial concepts to make them easy to understand and to apply to real life situations. In his lessons on Aplos Academy, he also draws on his degree in Business Administration and Management and experience serving at his own church.

About Our Presenter

Aplos
At Aplos, we believe in changing the world by making it simpler to manage nonprofits and churches. We make it faster and do the hard part so you can focus more on your mission.