Financial Management for NGOs using QuickBooks

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Introduction

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.

Duration

5 Days

Course Objectives:

By the end of this training, participants will be able to use QuickBooks accounting software for NGOs, in a way they can easily:

• 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 & suppliers
• Allocate expenses across multiple programs
• Post income and expenses by fund
• Manage cash advances given out
• Track details of Cash/Bank Account transactions

Course Content

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