Intuit has instituted a 54% price increase for its annual subscription price for QB Desktop. What cost churches and other non-profit organizations $75 for three years of access in 2021, now costs $999 per year as of spring 2025. Aside from the questionable business ethics demonstrated once again, is it worth it? For most churches,… Read More »QuickBooks Desktop Price Increase
After you have accessed your Intuit account and purchased your subscription, you will be able to download QuickBooks Desktop Pro 2024 and upgrade your QB file. The first very important step is to make a backup of your QuickBooks Desktop 2021 file and keep your QuickBooks Pro 2021 software so that you have an accessible… Read More »How to Install QuickBooks Desktop Pro 2024
If you wish to maintain access to QuickBooks Desktop’s support and payroll services, you must subscribe before July 31, 2024. Intuit says they will not accept new subscribers after that date. If you wish to process payroll within QuickBooks, and you are using QuickBooks 2021, you must subscribe before May 31, 2024. This is the… Read More »How to Purchase a QuickBooks Plus Pro Subscription
An Intuit User ID is the email address associated with an Intuit account. (Note that these are entirely different from a QuickBooks User ID and password.) It is best to use an email address that belongs to the organization and is easily accessed by the primary QuickBooks user, usually the Treasurer or Administrator, and to… Read More »How to Verify an Intuit ID and password
If you use QuickBooks Desktop, you have likely received incorrect notices or calls from Intuit that say that QuickBooks is being discontinued. This is not true. Intuit has made major changes to the way it sells its QuickBooks Desktop product, and their sales teams are deceptively trying to sell their QuickBooks online product in its… Read More »QuickBooks Desktop Plus Pro 2024 Subscriptions
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 your loan forgiveness. The purpose of the loan is to be able to retain or rehire your employees during the economic challenges of the coronavirus… Read More »SBA PPP Loan Forgiveness Spreadsheet
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 will be required to document the use of the funds in order to seek forgiveness of the loan. Step-by-step instructions for QuickBooks entry simplifies the reporting:… Read More »SBA PPP Loan Bookkeeping
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 May 31, 2020. What’s the cheapest way to update? If you are not using the payroll features, the older versions will continue to function. However,… Read More »QuickBooks 2020
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 funds are carried over to the next year. (That’s what defines it as a non-profit, rather than paying out its profits to its owners or… Read More »How can funds be carried over to a future year?
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 accurate assessment of an organization’s financial activity. A longer explanation is available on pages 59-63 of A Church Finance Handbook, but here is a snapshot: There are… Read More »What is Accrual Accounting?