QuickBooks has many limitations in all versions of their products, especially where the non-profit versions are concerned. The Grant Management Non-Profit Fund Accounting book focuses on only one of those peculiarities. One of QuickBooks’ peculiarities that is covered and that those who use QuickBooks non-profit have to live with or find a work around is […]
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Exempt Organizations: Annual Return Form 990, 990-EZ, or 990-PF must be filed by the 15th day of the 5th month after the end of your organization’s accounting period. Thus, for a calendar year taxpayer, Form 990, 990-EZ, or 990-PF is due May 15 of the following year. Use Form 8868 to request an automatic 3-month
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Mileage rate deductions Business Moving Medical Charitable 2015 per-mile rates 57.5 cents 23 cents 23 cents 14 cents 2016 per-mile rates 54 cents 19 cents 19 cents 14 cents Read more:
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Fund Accounting is a term used for investment accounting as well as non-profit accounting. With investments it is used as portfolio accounting or securities accounting. In this instance it describes the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual
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How much do you know about NPO regulations? This Web site provides a central resource for nonprofit organization (NPO) administrators, regulators and the interested public to find information about the laws and regulations controlling NPOs in the U.S. The site has three major sections: a set of informational pages about various general topics, a section
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Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard) How to file To electronically submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ, use the Form 990-N Electronic Filing system (e-Postcard).
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March 23, 2016 Virtual Tax-Exempt 501c)(3) Workshops Available for Educational Institutions Have you attended one of the IRS Exempt Organizations (EO) Small and Medium-Sized 501(c)(3) Workshops? Here’s an easy way to experience the training from your own computer. In an effort to allow educational institutions better access to our popular workshops, the Exempt Organizations (EO)
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Board meeting minutes are an important but often undervalued form of record keeping for organizations. Minutes provide a memorialized chronology of key information such as board actions, elections of officers or directors, and certain reports from committees and staff. Unfortunately, a variety of mistakes are commonly associated with the taking and keeping of minutes including: Failing
Each organization is different and may require more or less management of activities as required by the grantor. The list below represented the most common activates that must be managed. Complying with all the terms of the contract or agreement Using due-diligence in complying with the reporting requirements throughout the grant period Fulfilling financial reporting
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There are many reasons a grantee should exercise effective Grant Management. Grant funding can be lost if a grantee has neglected to use decisive grant management in implementing projects and accounting for grant funds received. When an award agreement is executed you have taken on the responsibility of complying with the terms of the agreement.
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