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Reply To: Blog: How to Enter and Credit Donor Advised Fund Gifts
Thanks for posting this Mark! The caveat in item 4 is a little known wrinkle regarding the use of a DAF to pay down a…
Reply To: QuickBooks setup for Government Funding tracking
Hello Susie! You can definitely set up QuickBooks Online for government grant tracking. I particularly like the way you can generate invoices for reimbursement with…
Reply To: Financial Infrastructure Needed to Support Government Funding
Hi Amy, the Federal government is a great grant source, but not without costs as you know. I submit that nonprofits will want to (1)…
Reply To: QuickBooks setup for Government Funding tracking
If you are working with just a few government grants, classes and projects can be configured to track them in Quickbooks. If you have a…
Reply To: QuickBooks setup for Government Funding tracking
<div>Below is a link to a compressive YouTube video on nonprofit accounting. Even though the video presentation is with QuickBooks Desktop, many of the concepts…
Reply To: Financial Infrastructure Needed to Support Government Funding
The initial infrastructure financing is provided by equity and loans, in proportions and at costs that vary greatly depending on the risks assumed directly by…
Reply To: QuickBooks setup for Government Funding tracking
Use your QuickBooks Online projects are to track the profitability of your projects. You can add project income, expenses, and labor costs and run project-specific…
Reply To: Communicating with funders when funding is delayed
Talk with your opposite entity contract manager, assuming there is a signed contract with payment terms and cancellation notice clauses, ask why payment is held…
Reply To: Financial Infrastructure Needed to Support Government Funding
Cost allocations are especially important for maximizing revenue from cost reimbursement grants. Developing and consistently executing allocations requires time and expertise which a small nonprofit…