SBA PPP Loan Forgiveness Spreadsheet
If you’ve received a Paycheck Protection Program loan from the Small Business Administration, it is very important to proactively approach your use of the funds so that you can maximize
QuickBooks
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
QuickBooks 2020
If you’re using QuickBooks 2017 or earlier, you may have received notices about your software support being discontinued at the end of May. Support for QuickBooks 2017 will end on
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
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
QuickBooks 2018
If you’re using QuickBooks 2015 or earlier, you may have received notices about your software support being discontinued at the end of May. Support for QuickBooks 2015 will end on
Saving Year-end Payroll Records
Every employer is required to save various payroll reports such as IRS Form 941 and W-2s for several years. One church was asked to provide documentation of an employee’s compensation by
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?
QuickBooks — Online or Desktop?
Which is the best bookkeeping system for a congregation? Online or not? While “cloud-based solution” has become a common phrase, it may be a solution to problems that congregations don’t actually
Recording a Returned Check in QB
Occasionally, your bank will return a check that you have deposited, due to insufficient funds or another reason. How do you record this “bounced” check in QuickBooks? There are two