Accounting can be hard enough if you haven’t studied it in school. Nonprofit accounting is actually very different and more challenging still. In this webinar, nonprofits learn how to keep the accounting books for their organization in order using QuickBooks.

1. INTRODUCTION TO
NONPROFIT ACCOUNTING:
THE BASICS
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Twitter: @QBMadeEasy
@GreggBossen
WELCOME!!! WE WILL START AT 1:02PM EDT (10:02AM PDT)
YOU SHOULD BE HEARING MUSIC!!!
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

2. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
Meet Our Team
Gregg S Bossen, CPA
President
Bill Sims
Marketing
Paige Hudson Garcia
Tech Support
Barbara Starley, CPA
Tech Support
Questian Telka
Tech Support

3. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
About Our Instructor
 Certified Advanced QuickBooks
ProAdvisor®
 Specializes in Industry Specific Training
 Author of QuickBooks® Made Easy™ for
Nonprofits
 National Trainer – seminars around the
country
Get Social Use Hashtag #QBME
Twitter: @QBMadeEasy
@GreggBossen
Please Leave a Google Review!!
(we appreciate it):
https://g.page/r/Ca4UBrkOS1rREAg/review

4. What We Do
❑ Streamable Training Products
❑ Nonprofit QB Tech Support
❑ Live Seminars/Webinars across the country
Train & Support Nonprofits using QuickBooks
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
www.QuickBooksMadeEasy.com | 1-888-726-2333

5. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
New Nonprofit Services
❑ Quick Look
https://quickbooksmadeeasy.com/product/quick-look/
❑ Check Up
https://quickbooksmadeeasy.com/product/check-up/
❑ File Setup
https://quickbooksmadeeasy.com/product/file-setup/
❑ QuickBooks Migration
https://quickbooksmadeeasy.com/product/quickbooks-migration-services/
❑ Mapping to QuickBooks
https://quickbooksmadeeasy.com/crm-mapping-to-quickbooks/
❑ Donor Database Import
https://quickbooksmadeeasy.com/product/donor-database-import/

6. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
More Webinars to be Announced!!
Upcoming 3 Day Webinar Series
QuickBooks Made Easy for Nonprofits
A Comprehensive Training for Nonprofits Using QuickBooks
$259 with $40 off coupon code: TS40OFF(reg. $299)
Expires 10/14/23 @ 11:59PM PT
FOR QUICKBOOKS DESKTOP USERS
Tuesday, Oct 31 - Thursday, Nov 2
2:00 – 4:30pm ET
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-quickbooks-desktop/
FOR QUICKBOOKS ONLINE USERS
Tuesday, Nov 7 – Thursday, Nov 9
2:00 – 4:30pm ET
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-quickbooks-online/

7. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
More Webinars to be Announced!!
On-Demand Webinar Recording
Tracking Your Investment Accounts
in QuickBooks
$89 with $10 off coupon code: TS10OFF(reg. $99)
Expires 10/14/23 @ 11:59PM PT
FOR QUICKBOOKS DESKTOP USERS
https://quickbooksmadeeasy.com/on-demand-
webinars/tracking-your-investment-accounts-in-
quickbooks-desktop/
FOR QUICKBOOKS ONLINE USERS
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-
quickbooks-online/

8. ➢ The QuickBooks Online Essentials or Beyond the
Essentials for only $149
Code: TSOUP149
➢ QuickBooks Made Easy – The Bundle for only $298
Code: TSOUP298
➢ Tech Support for 1 Year $299
Code: TSTECH299
Normally: $499.00
Get The Essentials or Beyond the
Essentials Training!
Normally: $229.95 Each
Includes The Essentials & Beyond the Essentials Training!
Normally: $399.95
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
Special Offer!
Ends 10/14/2023 at 11:59PM PDT

9. Today’s Agenda
✓ Defining Accounting and how it works
✓ How to read Financial Statements
✓ What to give the board each month
✓ 3 most important things to track when
entering transactions
✓ Using QuickBooks to Track these things
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

10. TO MAKE SCREEN BIGGER IN ZOOM
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
• MOVE YOUR MOUSE
AROUND
• LOOK FOR “VIEW”
ICON ON TOP RIGHT
• SELECT “FULL
SCREEN”

11. ACCOUNTING 101
-WHAT IS ACCOUNTING
- READING FINANCIALS
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

12. WHAT IS ACCOUNTING:
ENTERING
TRANSACTIONS
CHART OF ACCOUNTS
FINANCIALS
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

13. QuickBooks Made Easy for Houses of Worship Webinar
Two Primary Reports
Balance Sheet Profit & Loss
@2021 Barbara L Starley, CPA
Statement of Financial Position Statement of Activity

14. Balance Sheet
aka
Statement of Financial Position
@2021 Barbara L Starley, CPA
Bank
Accts
Fixed
Assets
CC
Bal.
Equity
P/R
Liab.
Invest
Accts
Assets
Liabilities
Equity
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

15. Balance Sheet
aka
Statement of Financial Position
@2021 Barbara L Starley, CPA
 Assets = what you “own”
 Liabilities = what you “owe”
 Equity = difference between the two
Assets Liabilities Equity
$400,000 $300,000 $100,000
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

16. Profit & Loss
aka
Statement of Activity
@2021 Barbara L Starley, CPA
• Income/Revenue
• Expenses/Expenditures
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

17. WHAT SHOULD I GIVE MY
BOARD EACH MONTH
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

18. Balance Sheet (aka Statement of
Financial Position)
➢ Create after you
have ensured the
numbers are correct
(Reconciled)
➢ Create through end
of previous month
➢ Add a comparison to
same date in prior
year
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

19. Profit & Loss(aka Statement of Activity)
➢ Create after you
have ensured the
numbers are correct
(Reconciled)
➢ Create through end
of previous month
➢ Add a comparison to
Budget
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

20. THE 3 THINGS TO TRACK WHEN
ENTERING TRANSACTIONS
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

21. 3 Things to track for each transaction
• Natural Category (object) = ACCOUNT
- Salaries and Wages
- Rent
- Postage
• Program (function) = CLASS
- Program A
- Program B
- Admin
- Fundraising
• Grant that paid it = CUSTOMER
- United Foundation Grant 24-25
- City Council Contract 2024
- ABC Corporation
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

22. USING QUICKBOOKS TO TRACK
THESE THINGS
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

23. 3 Things to track for each transaction
• Natural Category (object) = ACCOUNT
• Program (function) = CLASS
• Grant that paid it = CUSTOMER
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
Natural Category
(object) = ACCOUNT
Grant that paid
it = CUSTOMER
Program
(function)= CLASS

24. DEMO IN ACCOUNTING
SOFTWARE
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

25. WHERE TO GO FOR MORE INFO
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits

26. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
More Webinars to be Announced!!
Upcoming 3 Day Webinar Series
QuickBooks Made Easy for Nonprofits
A Comprehensive Training for Nonprofits Using QuickBooks
$259 with $40 off coupon code: TS40OFF(reg. $299)
Expires 10/14/23 @ 11:59PM PT
FOR QUICKBOOKS DESKTOP USERS
Tuesday, Oct 31 - Thursday, Nov 2
2:00 – 4:30pm ET
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-quickbooks-desktop/
FOR QUICKBOOKS ONLINE USERS
Tuesday, Nov 7 – Thursday, Nov 9
2:00 – 4:30pm ET
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-quickbooks-online/

27. QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
More Webinars to be Announced!!
On-Demand Webinar Recording
Tracking Your Investment Accounts
in QuickBooks
$89 with $10 off coupon code: TS10OFF(reg. $99)
Expires 10/14/23 @ 11:59PM PT
FOR QUICKBOOKS DESKTOP USERS
https://quickbooksmadeeasy.com/on-demand-
webinars/tracking-your-investment-accounts-in-
quickbooks-desktop/
FOR QUICKBOOKS ONLINE USERS
https://quickbooksmadeeasy.com/event/webinar-
fundamentals-3-day-webinar-series-for-
quickbooks-online/

28. ➢ The QuickBooks Online Essentials or Beyond the
Essentials for only $149
Code: TSOUP149
➢ QuickBooks Made Easy – The Bundle for only $298
Code: TSOUP298
➢ Tech Support for 1 Year $299
Code: TSTECH299
Normally: $499.00
Get The Essentials or Beyond the
Essentials Training!
Normally: $229.95 Each
Includes The Essentials & Beyond the Essentials Training!
Normally: $399.95
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits
Special Offer!
Ends 10/14/2023 at 11:59PM PDT

29. THANK YOU!!!!
Presenter: Gregg S. Bossen, CPA
Get Social Use Hashtag #QBME
Twitter: @QBMadeEasy
@GreggBossen
Please Leave a Google Review!!
(we appreciate it):
https://g.page/r/Ca4UBrkOS1rREAg/review
QuickBooks Made Easy for Nonprofits – Accounting for Nonprofits