A capitalization policy will help determine whether an item your organization buys is a regular expense or a fixed asset. Organizations use a capitalization policy to set a threshold for…
nonprofit accounting
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Aplos ShortChurch ManagementNonprofit Accounting
What Is a Depreciable Life Policy?
by Alex Acreeby Alex AcreeIn a previous video, we looked at how a capitalization policy works in an organization. That document states that any item purchased over a certain value is considered a fixed asset.…
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Aplos ShortChurch ManagementNonprofit Accounting
The Difference Between Cash Basis And Accrual Basis
Cash and accrual are two ways your organization can keep track of its finances. Most organizations function off of a cash basis, but there may be a situation where running…
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Nonprofit AccountingNonprofit ManagementWebinars
Webinar: Deadline To File Nonprofit Tax Return Form 990
by Alex Acreeby Alex AcreeDo nonprofits file annual tax returns? Previously we pointed out that while nonprofits do not have to pay federal income tax, or any state or local income tax for that…
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Aplos ShortChurch ManagementNonprofit Accounting
What Is Fund Accounting?
by Alex Acreeby Alex AcreeFund Accounting Basics In standard accounting you keep track of your assets, liabilities, equity, income, and expenses for one account. With fund accounting, you need to track those five things,…
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Church ManagementNonprofit AccountingWebinars
Webinar: Tour Of Aplos Advanced Accounting Software
by Alex Acreeby Alex AcreeAny accounting software you use should have three primary areas, and we will show you these in Aplos, as well as some of our newer advanced features. The first is…
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This is a pretty big topic that can get complex fast, but here are the basics on what fixed assets are and how to track them in your accounting. A…
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Do nonprofits pay taxes? In short, the answer is both yes and no. For the most part, nonprofits and churches are exempt from the majority of taxes that for-profit businesses…
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Using QuickBooks®’ nonprofit solution may sound like a good idea. However, there are several things to be aware of. Many nonprofits and churches try hard to get it to work…
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Nonprofit AccountingNonprofit Management
Fixed Assets And Fixed Asset Tracking
by Eric Burgessby Eric BurgessFixed Assets Fixed assets are commonly found on a balance sheet in the assets section. Other items grouped together in the assets section usually include cash, investments, accounts receivables, and…