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Finance & Accounting Accounting & Bookkeeping QuickBooks

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
Rating: 4.0 out of 54.0 (34 ratings)
18,394 students
Created by Robert (Bob) Steele
Last updated 11/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll 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

Requirements

  • None

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.

Who this course is for:

  • Employees of a not for profit organization
  • Students who what to apply accounting theory to software

Course content

4 sections • 72 lectures • 11h 38m total length

  • Preview03:46
  • Backup Files
    00:01
  • Preview05:56
  • Excel File to Download
    00:01
  • Preview15:13
  • Preview00:14

  • 2 Problem One New QuickBooks File Download
    02:00
  • Excel File To Download
    00:01
  • QuickBooks Backup Files (Optional)
    00:01
  • Example Forms We Will Generate
    00:01
  • 115 New QuickBooks File Download
    06:44
  • 120 Turn on Class Tracking Download
    10:26
  • 125 Office Space Donated Download
    15:27
  • 130 Cash Donation Download
    07:46
  • 135 Pledge Download
    12:56
  • 140 Government Grants Download
    11:02
  • 145 Salaries Expense Download
    09:50
  • 150 Donor Pledge for Construction Project Download
    11:11
  • 155 Donation & Purchase of Furniture Download
    09:52
  • 160 Month End Expenses Download
    11:09
  • 165 Adjusting Entries Download
    12:52
  • 170 Allocate Expenses to Classes Download
    19:53
  • 172 Net Assets Released From Restriction Download
    13:24
  • 175 Closing Entries Download
    14:29
  • 180 Statement of Financial Position Download
    16:43
  • 190 Restricted Net Asset Detail Report Download
    13:50
  • 185 Statement of Activities Download
    19:49
  • Accounting Comic Break Download
    00:14

  • 3 Problem Two Multiple Years of Operations Download
    01:41
  • Example Forms We Will Generate
    00:01
  • QuickBooks Backup Files
    00:01
  • Excel File to Download
    00:01
  • 305 Restore Backup File Download
    03:11
  • 310 Review Practice Problem Download
    24:45
  • 315 Cash Received From Grant Download
    17:08
  • 320 Contributions, Dues, & Fees Download
    18:42
  • 325 Craft Sales & Commission Revenue Download
    14:03
  • 330 Interest Income Restricted & Unrestricted Download
    22:23
  • 335 Grants Receivable & Deferred Revenue Download
    12:40
  • 337 Donated Office Space Download
    11:29
  • 340 Month End Expenses Download
    17:14
  • 345 Short Term Investment Matures Download
    06:07
  • 350 Net Assets Released Download
    14:19
  • 355 Net Assets Released # 2 Download
    12:16
  • 360 Allocate Expenses by Function Download
    13:51
  • 365 Pay Payable Download
    07:16
  • 370 Closing Entries Download
    15:07
  • 375 Statement of Financial Position Download
    14:25
  • 380 Statement of Activities Download
    14:06
  • 390 Restricted Net Asset Detail Report Download
    15:37
  • Accounting Comic Break Download
    00:14

  • 4 Problem Three Not for Profit College Download
    01:02
  • QuickBooks Backup Files
    00:01
  • Excel File to Download
    00:00
  • 510 Restore Backup File Download
    02:13
  • 512 Review Practice Problem Private College Download
    05:29
  • 515 Tuition & Fees Download
    14:10
  • 520 Tuition Waiver For Student Work Download
    08:23
  • 530 Pledges & Contributions Download
    13:19
  • 535 Cash Received Contributions & Pledges Download
    22:23
  • 540 Cash Received For Tuition On Account Download
    06:28
  • 545 Deposit Returned Download
    06:24
  • 550 Expenses Download
    13:06
  • 560 Restricted Assets Released Download
    17:48
  • 565 Pay Cash On Account Download
    08:45
  • 670 Investment Income Received Download
    12:29
  • 675 Record Allowance & Depreciation Download
    11:23
  • 680 Unearned Revenue Adjusting Entry Download
    04:58
  • 685 Gain On Investment Adjusting Entry Download
    18:28
  • 700 Closing Entries Download
    15:31
  • 710 Financial Statements Download
    14:34
  • Accounting Comic Break Download
    00:14

Instructor

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Robert (Bob) Steele
  • 4.4 Instructor Rating
  • 15,696 Reviews
  • 324,381 Students
  • 93 Courses

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.  

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).  

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.  

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.  

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.  

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.  

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.  

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.  

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.  

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.

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