Quickbooks 2016 Nonprofit How To Move Efficiently

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Some of the customer, vendor, and banking activities under their own separate menu lists are all found together under one nonprofit menu list.

These businesses are run by Board of Directors, Officers, Employees, and Volunteers all for the betterment of humans or animals.

This article will explain the benefits of using QuickBooks Nonprofit accounting software to help track and report nonprofit financial data.

You will get a brief overview of what a nonprofit is, learn how class tracking can help, and review the nonprofit specific reports.

Do you need help in setting up your Nonprofit business in QuickBooks Are you looking to purchase QuickBooks Give us a call at 800-216-0763 to speak with one of our Pro Advisors about our QuickBooks support plan.

Quickbooks 2016 Nonprofit How To Move Efficiently

We can help with installation and setup, training on how to move efficiently to save you time and setting up the reports to meet your needs.

Call today What Qualifies a Business as a NonProfit It can be any corporation, organization, or association with the mission to better help the general public.

Each nonprofit business should have its main purpose be the advancement of education or religion, literature, science, preventing cruelty to animals or children or women, or other charitable purposes.

Some examples would include: Social welfare organizations Schools Chamber of Commerce Political organizations Labor organizations Charities Homeowner associations They are not in business to make a profit and may qualify for a 501(c)(3) tax-exempt status with the IRS.

Nonprofit businesses acquire their funds through donations or fundraising or awarded through grants or other fund sources.

These accumulated monies must stay within the nonprofit to be used in the running and improvement of the business.

These funds may be spent on funding special programs that a business provides, employees payroll and office expenses among other things.

There are a number of great features when choosing QuickBooks Premier or Enterprise-Nonprofit.

The most important one is that the setup is geared to a nonprofits specific needs.

A nonprofit will save time and efficiency when up to 30 users can simultaneously work within QuickBooks.

Create a more secure data file designating user permissions for each user and give them the ability to only access the data they need.

Nonprofit terminology will make the learning curve easier for those users familiar with the nonprofit industry.

QuickBooks Desktop-Nonprofit can be further customized where needed to make it uniquely fit each business.

Class tracking can be used to further break down the income and expenses within categories like various nonprofit programs.

This makes reporting by program easier.

Install the Nonprofit version and a number of great nonprofit reports are already set up to use.

Financial reports that can be delivered to the top board members or used to complete IRS or other state agency returns.

Nonprofit terminology makes accounting tasks easier to learn There are many instances of nonprofit terminology that are included in this version such as Donors, Donations, Pledges, Programs and Projects, Grants, IRS 990 form reporting.

For example, customers are donors, jobs are grants, invoices are used to track pledges and sales receipts are used for donations.

Form templates, statements and reports all use the same nonprofit language for better understanding.

Save time from searching the menu lists for the most frequently used activities a nonprofit needs.

Quickbooks For Mac 2016 Nonprofit