For churches and nonprofits using the accrual basis of accounting, how do you properly record prepaid expenses such as security deposits or annual insurance premiums? That’s what I cover in this weeks post. The video shows you an actual example in QuickBooks Online.
Transitioning from the desktop version of QuickBooks to the Online version can be a challenge. It looks and feels so different from what you are used to.
QuickBooks released a new app for their online version to help those struggling with the transitions. In the video, I give you a very quick preview of the app.
For a long time, I was spoiled and didn’t realize it. My health insurance bill was due at the end of the month it was for. I just realized that this is not typical. Normally health insurance is paid a month ahead.
How do you account for this payment and the related payroll withholdings?
Churches are kind of known for playing fast and loose with accounting rules. This makes sense as they are much more concerned about making disciples of Jesus than making a profit.
In this article, I look at the importance of adopting consistent rules for when to record transactions (i.e., cash or accrual accounting).
Some months ago I saw posted on a message board that some churches were using an accounting software made for farmers. Farm accounting program that works for churches? Really? Only $75/year? This sounds way too good to be true. In this post I give my review.
The Dept of Labor rule change for the minimum salary for Exempt employees is kind of flying under the radar. How will it affect your church when the Minimum Salary goes from $35k to $58k? Read more to find out.
I love working in Excel, but not everyone does. One of the things that can make it a little easier to work with large Excel files is if you know how to frees columns and rows. In this post and the related video, I’ll show you how.