Course Content

Total learning: 5 lessons Time: 52 weeks

Enter Income and Expenses

Enter Income And Expenses

Similar to businesses, nonprofits receive and spend money, purchase inventory, pay bills, and transfer money between banks on a day-to-day basis. Doing these daily transactions will speed up your month-end close process. (Your organization may choose to do them weekly instead.) When tracking your income and expenses, you will track what Asset account each transaction impacts, the Income or Expense account category, and the Equity account (which is a Fund in Aplos).