Excellence in Financial Management for NGOs using QuickBooks (Non-Profit)

Excellence in Financial Management for NGOs using QuickBooks (Non-Profit)

Course Description

Nonprofit businesses or NGOs hold a very important place in any society. These organisations are run by Board of Directors, Officers, Employees, and Volunteers and/or are funded by different Donors all for a specific cause. A non-profit entity can be any corporation, organization, or association with the mission to better help the general public. Nonprofit organisation acquire their funds through donations or fundraising or awarded through grants or other fund sources. These accumulated monies must stay within the organisation to be used in the running and improvement of the project or mission. These funds may be spent on funding special programs and activities that the organisation provides, employees’ payroll, and administration and operation expenses among other things. QuickBooks is easy to use, yet has many features that are relevant for nonprofit bookkeeping. The program can be used to cut down the time you spend on your books as well as comply with the vast reporting requirements of Non-Governmental Organizations (NGOs) and Non-Profits Organizations. This intuitive and powerful accounting and financial reporting system takes the complexity out of entering, maintaining, tracking and reporting detailed financial data. It offers a combination of visually appealing data entry screens, well-defined user features, and quick access to help make data management easy. The software indeed helps not-for-profit organizations/non-governmental organizations (NGOs) increase efficiency and more easily manage their operations from fund accounting, donors and financial reporting.

Learning outcomes

By the end of this course the participants will be able to:

• Set-up budgets, track actual with the budgets and report on variances

• Generate various financial reports and statements for Management, Donors & Auditors.

• Manage donors, grants, and pledges

• Manage vendors and suppliers

• Allocate expenses across multiple programs

• Post income and expenses by fund

• Manage cash advances given out

• Track details of Cash/Bank Account transactions

Who should enroll?

This training course would be relevant to all of those involved in the preparation, presentation and interpretation of financial reports from not-for-profit organizations.

Send an email to [email protected] to request a course training agenda