A key difference in for-profit and nonprofit standards is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. For-profit entities have a general ledger, which is a single self-balancing account — while nonprofits typically have a number of general ledgers, or funds. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. And since nonprofit organizations receive many benefits as tax-exempt organizations, they must keep detailed records about contributions, assets, and expenses.
Fund Accounting guidelines and practical application.
Chart of account structures for churches and nonprofits.
Donation tracking in bookkeeping.
Form 990 Preparation.
Software options for nonprofits.
And more!
Wendy, OR
"Alex did an incredible job explaining some of the difference regarding non-profits versus for profit accounting. This was an introductory, quick overview about non-profit accounting and why it is important to set-up the buckets well. I appreciated his approach with helping viewers understand the importance of setting the books up to work well with reporting expectations."Gene Arthur, FL
"Glad to see software for this very large niche. In the mid-90s, I worked as the outsourced CPA for a medium-sized non-profit that used MYOB as their organizational accounting software. It was a HUGE PITA 'modifying' that software to 'fit' non-profit accounting."Karen, FL
"This webinar was a great general overview of the challenges of bookkeeping for non-profits. Key information was shared. It was a great refresher on the basics of non-profit accounting and structuring accounts and transactions for financial reporting."Rita, PA
"Excellent course! Coincidentally, a non-profit for which we volunteer is looking to upgrade from manual bookkeeping to the use of software and Aplos software is one of the ones we are considering. Perfect timing!"Lance, WA
"I appreciate knowing about the software that is available to solve problems. I think your presentation had a perfect balance, not all software demo, but enough info to know what's needed. Good session."Helen, FL
"very informative we like to see how software works physical demo, like he says he’s more donor management, most of the churches we work with are fund, church and membership management."Atiq, CA
"The webiner was excellent. I highly recommend other firms and professionals in this field to participate.to have more knowledge. Crescent Tax Services, Pomona, CA 91767"Bruce, OH
"Alex gave an excellent presentation that provided an understandable overview of fund accounting and its complexities for those of us who have not dealt with it in years."
Aplos Software, LLC
Product Manager
alex@aplos.com
(888) 274-1316
Alex is the Product Manager for Aplos; he works with the development team to make changes and enhancements to the software, and trains employees on any new additions. A patient teacher, Alex loves to break down IT and financial concepts to make them easy to understand and to apply to real life situations. In his lessons on Aplos Academy, he also draws on his degree in Business Administration and Management and experience serving at his own church.