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A few nonprofit accounting tips
I am certainly not a CPA but here are a few nonprofit bookkeeping tips and advice I have learned along the way.
1. I am very glad that I can enter my programmatic budgets into Quickbooks. First, I associate each program with a class in QB. For example, Aspiration’s Field Community Building program is a class. Second, I associate each project within each program as a subclass. For example within the Field Community Building program there is the Penguin Day class.
2. I also designate in QB each Foundation that funds my organization as a customer:job.
3. Furthermore, I use the Unified Nonprofit Chart of Accounts that the California Assocation of Nonprofits provides http://www.canonprofits.org/
I want to thank Karen Schiller who teaches Bookkeeping in Quickbooks through Compasspoint www.compasspoint.org who helped me get Aspiration’s books in order. Also I use several nonprofit accounting books, like "Financial Leadership for Nonprofit Executives" by Jeanne Bell Peters and Elizabeth Schaffer and "Quickbooks for Nonprofits" by Christine L. Manor.