Nonprofit Accountability & Stewardship — Fundamentals of Nonprofit Accounting


About this webinar:

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.

Topics Covered:

  • 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!

 

Testimonials:

Excellent presentation. Looks like a good product for non-profit organizations.

Overall a great course and provided some insight into the world of non-profit bookkeeping.

Excellent webinar. Thank you.

Alex is interesting and informative! Good assistance w/ guidance on the Form 990. Excellent webinar!

Alex did an incredible job explaining some of the difference regarding non-profits versus for profit accounting. This was an introductory, quick overview about non-profit accounting and why it is important to set-up the buckets well. I appreciated his approach with helping viewers understand the importance of setting the books up to work well with reporting expectations.

Alex Acree was a very good presenter, easy to understand and gave valuable information on Form 990. Enjoyed the presentation.

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Note: This is an archived webinar that we offered on CPAacademy.org, the accounting industry’s most innovative independent source for online education.

Eric Burgess serves as Aplos’ Marketing Director and is passionate about all things digital media. When he’s not writing searchable content for churches and nonprofits to find online, he’s likely spending time with his family or out riding his downhill mountain bike in the Sierra Nevada mountains somewhere. Oh, and he's deathly allergic to tree nuts.

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