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30-Day Money-Back Guarantee
Finance & Accounting Accounting & Bookkeeping Xero

Xero Not for Profit Organization

Learn Not for Profit accounting using Xero from a practicing CPA
Rating: 4.8 out of 54.8 (7 ratings)
8,513 students
Created by Robert (Bob) Steele
Last updated 3/2020
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • How to set up Xero for a Not for Profit Organization
  • How to use free resources to optimize learning
  • How to use category tracking to generate Not for Profit reports
  • How to create and use pledge receipt forms
  • How to enter and track restricted resources
  • How to enter month end adjusting entries
  • How to allocate expenses to programs and administrative categories
  • How to record net assets released from restriction
  • How to generate, analyze, memorize, & export to Excel financial reports

Requirements

  • None - Xero generally has a free 30 day trial (great tool for us)

Description

Learners will understand how to set up Xero for a Not for Profit Organization.

The course will show how to use free resources to optimize learning.

We will demonstrate the use of category tracking to generate Not for Profit reports.

Learners will see how to create and use donation receipt forms.

We will show how to create and use pledge receipt forms.

The course will demonstrate how to enter and track restricted resources.

We will enter month end adjusting entries.

Learners will see how to allocate expenses to programs and administrative categories.

We will record net assets released from restriction.

The course will show how to generate, analyze, memorize, & export to Excel financial reports.

Who this course is for:

  • Anybody how wants to learn Not for Profit accounting in a practical way

Course content

10 sections • 34 lectures • 8h 53m total length

  • Preview04:40
  • Documents to Download
    00:00
  • Preview20:17
  • 112 Navigating Xero
    14:25

  • 120 Turn on Tracking
    05:30

  • 122 Set up Bank Account
    06:04
  • 125 Office Space Donated
    21:17
  • 130 Cash Donation
    10:04

  • 133 Pledge Customize Form
    03:47
  • 135 Pledge
    13:41
  • 137 Customized Reports
    15:54
  • 140 Government Grants
    15:28
  • 142 Custom Restricted Reports
    13:44
  • 145 Salaries Expense
    14:23
  • 150 Donor Pledge for Construction Project
    21:35

  • 155 Donation & Purchase of Furniture
    16:50
  • 160 Month End Expenses
    19:52

  • 165 Adjusting Entries
    21:30

  • 170 Allocate Expenses to Categories
    19:42
  • 171 Allocate Expenses to Categories Part 2
    29:48

  • 172 Net Assets Released From Restriction
    17:50
  • 175 Closing Entries
    22:02

  • 182 Unassigned Category Formatting
    17:52
  • 185 Statement of Activities
    21:28
  • 187 Expenses by Nature & Function
    19:53
  • 190 Restricted Net Asset Detail Report
    16:00
  • 192 Statement of Financial Position
    14:18

  • 14nn Not-For-Profit Part 1 Transactions
    38:07
  • 14nn Not-For-Profit Part 2 Expense Allocation
    20:33
  • 14nn Not-For-Profit Part 3 Closing Entries
    13:21
  • 14nn Not-For-Profit Part 4 Statement of Financial Position
    10:42
  • 14nn Not-For-Profit Part 5 Statement of Activities
    10:49
  • 14nn Not-For-Profit Part 6 Statement of Cash Flows
    15:55
  • 14nn Not-For-Profit Part 7 Reporting of Expenses by Nature and Function
    06:33

Instructor

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Robert (Bob) Steele
  • 4.4 Instructor Rating
  • 16,864 Reviews
  • 351,657 Students
  • 97 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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