Accounting for NGOs using QuickBooks
20 - 22 may 2024
Course Description
QuickBooks Desktop Enterprise for Nonprofit is an accounting software package includes the features and functionality of QuickBooks and has features designed for nonprofit organizations. This training on accounting for NGOs using QuickBooks course is aimed at equipping the participants with skills to use QuickBooks Desktop Enterprise nonprofit software tools to meet the accounting needs of their non-profit/NGO organization.
Course Outcomes:
By the end of this training the participants will be able to::
- Set-up budgets, track actual with the budgets and report on variances
- Generate various financial reports and statements for Management, Donors & Auditors.
- Manage donors, grants, and pledges
- Manage vendors & suppliers
- Allocate expenses across multiple programs
- Post income and expenses by fund
- Manage cash advances given out
- Track details of Cash/Bank Account transactions
Target Participants
Training on Accounting for NGOs using QuickBooks course is aimed at finance professionals and accountants working with NGO’s
What is the content of 2-Day Training?
Budget
The cost will be submitted through quotation
About the Trainer
Yasin Aweis is currently pursuing a Ph.D. in the field of good governance in banks, MBA in Finance & Banking and BA in accounting. And he has an extensive experience of public & private organizations. More than Nine years’ experience as University Lecturer for Postgraduate and Undergraduate Studies in the areas of Accounting, Finance, Banking, and Insurance. besides that, Consultant and Trainer for Business Strategy, Finance, Banking and Accounting Systems.
Day 1
Session 1:
The Basics
- Using the nonprofit menu
- Understanding the financial statements of a nonprofit
- The Unified Chart of Accounts (UCOA)
- Setting up accounts for different types of nonprofits
- Setting up Classes and Programs
- Entering grants
Session 2:
Tracking Income
- Setting up members and donors
- Recording donations
- Tracking and receiving grants
- Receiving general contributions
- Making deposits
Day 2
Session 3:
Tracking Expenses
- Setting up vendors and employees
- Entering and paying bills
- Writing checks
- Payroll management
- Tracking volunteer time
- Classifying expenses and payroll by program
- Allocating expenses by percentage to programs
Session 4: Standard Reports for Nonprofits
- Basic Profit & Loss Statement
- Profit & Loss Statement by month and by program
- Budget vs. actual reports
- Year-end financial statements for auditors, directors and accountant
Day 3
Session 5:
Advanced Budgeting
- Entering and reviewing budgets
- Copying prior years’ budgets
- Modifying budgets using Excel
- Importing an Excel budget
- Tracking budgets by program
- Entering budgets by grant
- Preparing budget reports for a Board of Directors
- Generating budget vs. actual reports
Session 6 : In-Kind Contributions
- Understanding In-kind Contributions
- Accounting for In-kind Contributions
Session 7 :
Inventory
- Entering purchase orders
- Receiving inventory
- Adjusting inventory quantities
How do I register?
- Call 063 4222191 || 065 7555549 to register
- You can register online through www.hasiconsulting.com
- You can also register by coming to HASI Consulting Office at1st Street, Burj Omaar Building, 3nd Floor, Room 301 & 302, Hargeisa., Hargeisa, Somalia