Відео

Thanks for letting me know this information. I just started a non profit. I have not paid anyone yet but I am sure I will in the future.

Thank you very Much Terisa-this helps a lot!

This is such an important topic for nonprofits! 💡 Tax penalties can be a huge setback, and I’m excited to learn practical tips from this video to help organizations stay compliant and focused on their mission. Thank you for shedding light on this!

‏‪0:42‬‏ ❤❤❤

A user cannot track functional classes (program, admin, fundraising ) if using* class* to track restricted/unrestricted funds. Do you recommend subclasses? Why this method over location tracking? Thanks!

Well said! Thank you for sharing!

❤✝️🙏🏽

What happens when you have a stagnant rogue board and a management team interfering with our right to communicate with them? I don’t know how the non profit I’m familiar with got this far in their corruption 🧐

I am using the Accountant version of QBO for training. (I use the QBD for nonprofits now but understand I need to transition to QBO now.) Where do i find classes? Under QBD they use LISTS but is that not used in QBO for all accounting lists like classes and jobs?

If I open my own 501c3, can I not donate one of my own vehicles to it?

This is a freaking nightmare I'm beginning to hate QuickBooks online because it was not designed for non-profits and it's a nightmare to manhandle it into working

You are not explaining how you get this info on the balance sheet---obviously it would have to be a journal entry but isn't that the most critical part for good bookkeeping?

Hi is there anybody out there that donates cars to elder senior citizen . I had a car and this person hit me and he lied about having insurance and so I lost out on that so now I'm without a car and having a hard time getting to a doctor's appointments and things I have to do

Donor restricted gifts require a contract or a meeting of the minds. A check memo doesn't count.

This is so helpful! Thank you!

Tracking the funds is no problem but my question is can you use the funds for cash flow or do you always have to have the balance available in the bank?

Recently, I had someone donate an RV to my non profit and we don’t need it. Can I sell it? I gave the individual a tax receipt but I’m pretty confident we’re not going to get back in cash value what the tax receipt they got.

Why do people in Nepal called treasure if he or she is CFO or accountant!

"Categories' is no longer found on the menu

10 months?!

Great

I am not seeing that we have categories option

Hey Guy, It's Borhan here! I'm a huge fan of your "Terisa Clark" UA-cam channel. Your content is always top-notch, and I can see the passion and effort you pour into each video. I believe you have incredible potential to reach an even wider audience with a solid UA-cam strategy. I would love to schedule a short meeting with you to discuss how I can help you grow your channel faster. This is not a sales call, but an opportunity to share ideas and offer assistance. Let me know if you're interested, and we can find a convenient time to chat. Thanks for your time and for creating such amazing content. Keep up the fantastic work!

Great suggestion for fundraising events, thanks!

It is difficult for the funder does not know the financial analysis.

If part of a membership fee is for a specific program, does that make it a Restricted fund. This is a small homeschool organization and there is a fee to be part of student council. Are those fees considered "restricted"?

Great!

Gret suggestiosn!

We have a CFO but she does not know her job well. She does not do much as we wish to see!

Great!

Good

Is the P&L by class report only available from the accountant's view?

On restricted funds. How do you get the balance into the equity accounts for the restricted funds so you what the balance is over a couple of years?

Is the Net Assets report a custom report within QB?

What does CDARS stand for?

Spot on! Thank you!

Thank you! I loved how succinct yet practically helpful this video was. I am serving on a board for the first time and going to be helping with balancing the budget and I feel a lot more confident now after watching :)

The breakdown of phases for finance management is really useful. Felt good being able to say hey, I'm in phase 1 😂 other nonprofits go through a similar thing. Also the emphasis on delivering reporting on time as a way of identifying the need for getting someone else on board to assist with reporting. Great advice🎉

Great!

Great!

Good!

Quickbooks does have audit log features in both the online and desktop platforms. Sage also has audit logs and has for well over a decade.

Wonderful. Thank you.

This is brilliant. I am bringing it to our board next month. We have restricted funds that have years of cobwebs covering them. Years!!!!!!!!! Close them and let's focus on something new.

Hey there! Just stumbled upon your video "How to Track Restricted Funds in Quickbooks: Part 2 Coding Transactions" and I found your tutorial on managing finances for nonprofits super helpful. As a Christian channel owner, I often discuss responsible stewardship, so your insights really resonate with me. Subscribed and looking forward to more valuable content!

Great!

Does treasurer need access to bank accounts or can statements be provided monthly. Also should the treasurer add the nonprofit bank account to his personal company Quickbooks account?

Great points! Thank you!

Thank you for your video.

When it comes to 1099s, it is my understanding: 1. If the gift from the non-profit to an individual is a pure gift (no services provided and it's not in exchange for anything), most likely you don't issue a 1099. 2. Just because you have an LLC, doesn't mean you are exempt from 1099s. It has to do with how the LLC is taxed. If the LLC is taxed as a Schedule C or a Partnership, then they would receive a 1099. If the LLC is taxed as a S-Corp or C-Corp, then it would not receive a 1099. I may have heard wrong, but I thought it sounded like you were saying just gifts in general were subject to 1099s and all LLCs were exempt from 1099s. Forgive me if I heard wrong.