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SUMMARY:2-for-1: Special Events and In-Kind Contributions in QBO
DESCRIPTION:Please note: this is a 2-hour webinar. \nSpecial Events and In-Kind Contributions in QBO \nJoin Gregg S Bossen CPA and national nonprofit trainer for this two-hour session covering these two topics vital to nonprofits using QuickBooks. \nPart One: Tracking Special Fundraising Events in QBO \nDo you have a fundraising event? Do you do an annual gala dinner or luncheon perhaps with sponsorships\, ticket sales\, table sales\, a silent auction\, food and speakers? Or perhaps you run a golf tournament for charity? Figuring out what the net profit from the event without messing up your books can be tough! What about the hours and hours of staff time spent getting ready for these events? Shouldn’t that be factored in as well? \nIn this webinar\, learn how to easily track special fundraising events in QuickBooks without messing up the rest of your books and also to stay in compliance with nonprofit accounting standards. \nTopics include: \n\nWhat constitutes a Special Fundraising Event?\nHow to use accounts\, sub accounts\, and contra accounts to easily see a net of the event AS PART of the Profit and Loss\nHow to enter the budget for each event\nHow to get a Budget to Actual report for the event as well as other reports\nHow to enter amounts for staff time spent to get an honest picture of the true profit\n\nPart Two: In-Kind Contributions in QBO \nDo you get In-Kind contributions of stuff (computers\, furniture\, food\, clothing\, household items for clients\, auction items\, etc…)? What about services (IT help\, advertising\, graphic design\, professional services\, rent\, etc….)? In-Kind gifts are an important way nonprofits receive support from donors and are REQUIRED to be booked by nonprofits. \nMore than that\, they can frequently count towards meeting the matching requirements of traditional grants and when booked more accurately reflect the true cost of running your nonprofit. Figuring out what can be booked\, how to value them\, and how to get them into your QuickBooks file can be challenging. If you receive In-Kind donations of either stuff or services\, then this webinar is for you! \nIn this webinar\, we will first explore everything you ever wanted to know about In-kind Gifts but didn’t know who to ask. \nTopics include: \n\nWhat kinds of goods and services received can I book as In-Kind gifts?\nWhat are the rules for when I can book services received?\nHow do I determine the value I book?\nHow do I book these things in QuickBooks?\nWhat am I required to report to the donor?\n\nDon’t miss this opportunity! You will be VERY glad you came! \nThursday\, July 23\n2:00-4:00pm ET\n$149
URL:https://quickbooksmadeeasy.com/event/2-for-1-special-events-and-in-kind-contributions-in-qbo/
CATEGORIES:Webinar,90 Minutes,Online
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