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Nonprofit Accounting Overview for Accountants

Published on 01 Mar 2020 / In Non-profits & Activism

A key difference in for-profit and nonprofit accounting is the concept of fund accounting, which focuses on accountability and stewardship rather than profitability. This accounting framework enables these organizations to separate resources into various accounts in order to identify individual sources of funds and their use. A specialized financial software for nonprofits and churches can be a dynamic tool, and often requires the assistance of an accountant to configure correctly. This webinar serves as an in-depth guide on how you can use fund accounting to fit the accounting structure of your nonprofit clients, including chart of accounts set-up, and nonprofit-specific financial reporting. This session is ideal for professional accountants and bookkeepers who are considering a fund accounting software to manage their clients needs .

Instructor Alex Acree, Head of the Customer Services Department of Aplos Software, has worked with hundreds of nonprofits and churches in setting up their accounts and building the reports they require. He will give a detailed lesson on how to accomplish this for your nonprofit and church clients.

Learning Objectives:

- Understand basic fund accounting principles and practical application
- Create common chart of accounts structures for nonprofit and churches and understand customization options
- Understand specialized nonprofit financial reporting, including generating a Form 990 report

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