Year-end Contributions 2022
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. The proper dating
Bookkeeping
Year-end Contributions 2021
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. This is especially
CARES Act Employee Retention Credit
If you did not receive a Paycheck Protection Program loan, you may be eligible for an Employee Retention Credit of up to $5,000 per employee. This credit is calculated based
SBA PPP Loan Bookkeeping
The SBA’s Paycheck Protection Program works through local banks to support small businesses and non-profits with a forgivable loan to cover eight weeks of payroll, rent and utilities. Each recipient
How can funds be carried over to a future year?
Frequently at this time of year, an organization will want to use excess funds from a previous year for something in the future. Remember, by definition in a non-profit, all unused
IRS Mileage Rate for 2020
The 2020 rate for employee use of a personal vehicle is 57.5 cents per mile. Each year, the IRS releases mileage reimbursement rates for the coming year. This is the rate
What is Accrual Accounting?
During the Q&A of a recent webinar, a participant asked, “What is Accrual Accounting?” It is one of the primary “best practices” for non-profit organizations, since it provides a more
Year-end Contributions 2016
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. This involves dates, bookkeeping, and
Financial Transparency in 1620
On August 17, 1620, the Mayflower and the Speedwell were anchored in Dartmouth, Devon, along the south coast of England. They had twice turned back to repair major leaks, which
Tracking Time Off
With the new mandatory sick leave law in Massachusetts, employers have included vacation and sick time accrual and usage on employees’ paystubs. How do you set this up in QuickBooks?