Taxes

This low-key, screenshare style training provides a general overview of the administrative and financial tracking systems an organization with restricted funding needs to have in place. With an emphasis on QuickBooks set up and use, we'll walk through the administrative life of a grant. Follow along as we account for grants directly in QBO in real time. Starting from the grant application and ending with the final repot, we'll walk through the accounting life of a grant. Along the way, we'll touch on payroll allocations, timesheets, transactions logs, multi-year funding, spending releases, and more!

In this follow-up to Part I: Systems Overview, we'll explore how your grant tracking systems show up in your everyday work. The first half of the session highlights best practices to integrate grant systems with internal documents and workflows. After the break, we'll review our newly captured grant data and how show you how it can be used for grant invoicing and spend-down reporting.

This bundle gets you access to Part I & Part II of our Grant Tracking in QuickBooks Online series. Part I is a longer session which we'll spend going over the systems you need to effectively account for restricted funds. We'll use a a real time example to track a grant as it passes through your organization's QuickBooks, from award to close out. Part II will focus on integrating systems, accessing data and creating grant reports.

Every January your organization is responsible for providing 1099 forms to certain independent contractors who you paid more than $600. In this training we'll go over the ins and outs of which contractors this applies to, and how to build your systems so that it's not a crunch to prepare.

This pre-recorded workshop explains how and why an S-Corp election can save you thousands in taxes every year. We'll cover differences between LLCs and S-Corps, how federal and state taxes apply to each, becoming an S-Corp, operating as an S-Corp after the switch, and using payroll to maximize your deductions. If you have net income from a sole proprietorship over $100,000, this workshop is for you!

This training reveals the mystery contained in the many pages of Form 990 and its associated schedules. You will learn from the perspectives of both a CPA 990 preparer and experienced nonprofit director. Nonprofit staff will learn how to review a drafted 990 and work with the external tax preparer on any needed adjustments. Board members will learn how to review a finalized 990, and which parts of the form are of greatest concern. This training is also useful to anyone who wants to better understand some of the "why" behind many nonprofit accounting structures, practices, and terminology.

This training is designed for the accidental operations manager, board treasurer, executive director, or anyone else who needs to understand how QuickBooks works so you can accurately and confidently record and track your organization's financial information. It covers the basics of bookkeeping, QuickBooks vocabulary, data entry for income and expenses, and basic troubleshooting. To help you understand the why behind it all, this course also includes and introduction to basic accounting concepts. Although this training assumes no prior QuickBooks knowledge, there's still plenty to learn for those who need a refresher, need nonprofit specific training, or who are coming to QuickBooks Online from Desktop.

Building on Part 1, this training will show you how to verify your data entry and create useful reports for both staff and board that will help you make decisions. This training covers QuickBooks' banking integration, reconciling accounts, generating and manipulating reports. You'll also learn how to handle non-cash activity and understand the difference between cash and accrual accounting.

So you feel comfortable with QuickBooks data entry, but you still have a feeling there's a lot QuickBooks can do that you're not taking advantage of? Our two-part series of intermediate trainings are for you. In Part 1 we cover ensuring your QuickBooks is set up in the best way to capture different kinds of information: functional expenses (program vs. admin and fundraising), grants, and multiple entities like fiscal sponsorships or related organizations. You'll learn why this tracking is necessary, how to gather the information you need to do it, and how the information is used. budgeting -- for your whole organization, specific programs, and even grants.

Building on Part 1, in this training we'll take your fully tricked out QuickBooks and put it through the paces, covering how to track grant expenditures or invoice against reimbursable grants, how to allocate expenses across multiple programs, and how to manage multiple entities such as related 501(c)(3)/(c)(4) orgs. This course also includes general background and training on fiscal sponsorships such as what to consider, how to set them up, and the differences between fiscal sponsorship models.