Description
A Two-For-One Session
Join Gregg S. Bossen, CPA and national nonprofit trainer, for this 120-minute session covering two vital topics for nonprofits using QuickBooks.
Part One: Tracking Special Fundraising Events in QuickBooks Online
Do you host fundraising events like annual galas, luncheons, or golf tournaments? Maybe your event includes sponsorships, ticket sales, table sales, silent auctions, meals, and speakers. Tracking the true net profit from these events—without throwing off the rest of your books—can be challenging. And what about all the staff time spent planning and running the event? Shouldn’t that count toward the event’s actual cost too?
In this webinar, you’ll learn how to accurately track special fundraising events in QuickBooks Online without disrupting your overall accounting. We’ll also cover how to stay compliant with nonprofit accounting standards while getting a clear picture of your event’s true financial impact.
You’ll learn:
- what constitutes a Special Fundraising Event;
- how to use accounts, sub accounts, and contra accounts to easily see a net of the event AS PART of the profit and loss;
- how to enter the budget for each event;
- how to get a Budget to Actual report for the event as well as other reports; and,
- how to enter amounts for staff time spent to get an honest picture of the true profit.
Part Two: In-Kind Contributions in QuickBooks Online
Does your nonprofit receive in-kind donations like computers, furniture, food, clothing, household items for clients, or auction items? What about donated services such as IT support, advertising, graphic design, legal work, or free rent? In-kind contributions are a vital source of support for many nonprofits—and they’re not optional to track. Nonprofits are required to properly record these gifts. Beyond compliance, accurately booking in-kind donations can help meet matching requirements for grants and give a clearer picture of your organization’s true operating costs.
But knowing what qualifies as an in-kind donation, how to value it, and where to record it in QuickBooks Online isn’t always easy. This webinar will break down everything you need to know about in-kind contributions.
You’ll learn:
- what kinds of goods and services received are in-kind donations;
- what are the rules for when you can consider services in-kind;
- how to determine the value of in-kind donations;
- how to record these donations in QuickBooks; and,
- what you’re required to report to the donor.
Don’t miss this opportunity! You will be VERY glad you came!
Who should attend:
This webinar is designed for nonprofit professionals who manage financial tracking and reporting in QuickBooks Online, especially those responsible for fundraising events and recording in-kind contributions.
After the webinar, you’ll receive:
- slides and handouts; and,
- a link to the webinar recording.
Can’t attend live and still want to watch the webinar?
Want to review the materials after the session?
You will receive an email with the full recording and any handouts within 10 business days after the webinar.
After you register, you will receive the following emails:
- A sales receipt for your bookkeeping records
- A confirmation email from Zoom with the login credentials
- Instructions for other attendees if you registered a group
If you do not receive these emails within 48 hours of registering, please email or call 1-877-784-7268.
GrantStation does not refund registration fees. Fees may be applied to any webinar scheduled within 30 days.
Gregg S. Bossen
Gregg is a practicing CPA with a full-service accounting firm located in Atlanta, Georgia. His firm specializes in tax and accounting for nonprofits and small businesses. Most of his clients are nonprofits/small business owners who use QuickBooks. Gregg has been teaching QuickBooks seminars around the country for various groups, both new users and other CPAs, and is considered to be an expert in the program. Gregg has taught for Intuit, the makers of QuickBooks, teaching CPAs around the country the new features in updated versions of the software. Gregg also teaches annually at the Scaling New Heights Conference, presently the largest gathering of QuickBooks Pro advisors in the world. In total, Gregg has taught over 1500 seminars to more than 35,000 students.
