Nonprofit organization leaders and managers must have a clear understanding of financial management to help their organization serve its constituents. Basic skills in financial management start in the critical areas of cash management and accounting, which should be done according to certain financial controls and accounting guidelines to ensure integrity in the accounting process.
By attending How To Set Up Your Nonprofit Accounting System, you will be given the knowledge that will help your organization be more accountable to funding sources, provide proper transparency to your constituents, demonstrate proper stewardship of your donor funds and build a foundation that will help your organization be more sustainable to fulfill your mission.
What You Will Learn from this Live Interactive Webinar:
- Major Differences between For Profit and Nonprofit Accounting
- What is a fund
- What is the difference between a fund and a program
- How to define your functional areas
- How to create a nonprofit chart of accounts
- How to build a nonprofit budget
- What is the difference between cash and accrual accounting
- How to prepare financial statements
- How to read and interpret financial statements
- How to prepare a grant proposal
- How to determine if you are using the right accounting software
- How to evaluate accounting software for your organization
This Webinar is Perfect for You if…
- You are in charge of your organization’s accounting, but you don’t understand accounting.
- You are a Board Member of a Nonprofit and don’t have a good understanding of nonprofit accounting.
- Your organization is struggling to prepare timely financial reports.
You will receive the following bonus materials
- Sample Nonprofit Chart of Accounts
- Sample Financial Statements
- Sample Budget Spreadsheet
- Guide to Picking The Right Nonprofit Accounting Software
Presented by Nonprofit Accounting Specialist, Joseph Scarano
Joseph is the CEO of Araize, a software company whose sole focus is to provide cost effective, comprehensive software management solutions to nonprofit organizations. Joe has 10 years of experience as a CPA in a public accounting firm specializing in auditing and consulting nonprofits. He earned his BS Degree in Accounting from Fairfield University and has spent the last 32 years providing nonprofit software solutions to nonprofits. He is dedicated to helping nonprofits be more accountable and more sustainable so they can better fulfill their mission. He has presented his nonprofit financial management courses through the North Carolina Association of Nonprofits, Duke University’s Continuing Education Program, Raleigh’s Project Lift and the North Carolina Association of CPAs. He has served on the Board of Directors as the Treasurer with a school for children with autism and a neighborhood property owners