A key difference in for-profit and nonprofit accounting is the concept of fund accounting, which focuses on transparency rather than profitability. The framework enables organizations to separate resources into various accounts so they can identify fund sources and their purposes. This results in accountability for nonprofits and churches, which is why a specialized financial software can be so dynamic. However, it often requires the assistance of an accountant to configure it correctly.
This webinar will go over the basics of accounting for nonprofits, including fundamental industry standards. It serves as an in-depth guide on how to use fund accounting for nonprofit and church clients. In addition, it includes setting up a chart of accounts and financial reporting specific to nonprofits and churches. This session is ideal for professional accountants and bookkeepers considering a fund accounting software to manage their clients’ needs.
Instructor Alex Acree has worked with hundreds of nonprofits and churches to set up their accounts and build required reports. He will give a detailed lesson on how to accomplish this for your clients.
- Understand basic fund accounting principles and practical applications for your nonprofit or church
- Create common chart of accounts structures for nonprofit and churches, and understand customization options
- Understand specialized nonprofit financial reporting, including generating a Form 990 report
Instructor: Alex Acree, Head of Customer Services of Aplos Software
Standards For CPE Program Presentation
Instructional delivery methods: Group Internet Based
Field of Study Category: Computer Software & App
CPE Credit: 1 credit
Program level: Basic
Advance preparation: None required
CPE Credit Basis: In accordance with the standard of the National Registry for CPE Sponsors, CPE credits are granted based on a 50-minute hour. (You must attend the live webinar to receive credit.)
Program Content Updated: 1/15/18
CPE Credit Eligibility Statement
Aplos Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Requirements For CPE Credit
Continuing education credits for webinars delivered in real-time can only be awarded to participants who have registered for and are logged in to the webinar as themselves, participated during the webinar, and submitted the evaluation form upon webinar completion. In the event of a technical failure resulting in not meeting these requirements, CPE credit will not be issued.
If registered attendees have complaints or concerns about the webinar or their CPE certificate, submit these inquiries to the Aplos education coordinator at firstname.lastname@example.org. We will respond to complaints or concerns by registered attendees within three business days.
In the event of any date or time scheduling changes or cancellations made to a webinar, we will send an email to all registered attendees prior to the time of the webinar.
All group internet-based courses are offered at no charge and as such are not eligible for exchange for cash value or refund.