4.5 out of 5
4.5
4 reviews on Udemy

Xero Not for Profit Organization

Learn Not for Profit accounting using Xero from a practicing CPA
Instructor:
Robert (Bob) Steele
5,975 students enrolled
English [Auto]
How to set up Xero for a Not for Profit Organization
How to use free resources to optimize learning
How to use category tracking to generate Not for Profit reports
How to create and use pledge receipt forms
How to enter and track restricted resources
How to enter month end adjusting entries
How to allocate expenses to programs and administrative categories
How to record net assets released from restriction
How to generate, analyze, memorize, & export to Excel financial reports

Learners will understand how to set up Xero for a Not for Profit Organization.

The course will show how to use free resources to optimize learning.

We will demonstrate the use of category tracking to generate Not for Profit reports.

Learners will see how to create and use donation receipt forms.

We will show how to create and use pledge receipt forms.

The course will demonstrate how to enter and track restricted resources.

We will enter month end adjusting entries.

Learners will see how to allocate expenses to programs and administrative categories.

We will record net assets released from restriction.

The course will show how to generate, analyze, memorize, & export to Excel financial reports.

Introduction

1
105 Enter Recording Name
2
Documents to Download
3
110 Objectives of Practice Problems
4
112 Navigating Xero

Turn On Class Tracking Feature and Add Classes

1
120 Turn on Tracking

Record Donations & Pledges

1
122 Set up Bank Account
2
125 Office Space Donated
3
130 Cash Donation

Enter Pledges & Track Restricted Items

1
133 Pledge Customize Form
2
135 Pledge
3
137 Customized Reports
4
140 Government Grants
5
142 Custom Restricted Reports
6
145 Salaries Expense
7
150 Donor Pledge for Construction Project

Purchase & Donation of Fixed Assets & Recording Expenses

1
155 Donation & Purchase of Furniture
2
160 Month End Expenses

Enter Month End Adjusting Entries

1
165 Adjusting Entries

Allocation of Expenses Using Classes

1
170 Allocate Expenses to Categories
2
171 Allocate Expenses to Categories Part 2

Recording Net Assets Released from Restriction & Closing Process

1
172 Net Assets Released From Restriction
2
175 Closing Entries

Generating and Analyzing Financial Statements

1
182 Unassigned Category Formatting
2
185 Statement of Activities
3
187 Expenses by Nature & Function
4
190 Restricted Net Asset Detail Report
5
192 Statement of Financial Position

Example Problem In Excel

1
14nn Not-For-Profit Part 1 Transactions
2
14nn Not-For-Profit Part 2 Expense Allocation
3
14nn Not-For-Profit Part 3 Closing Entries
4
14nn Not-For-Profit Part 4 Statement of Financial Position
5
14nn Not-For-Profit Part 5 Statement of Activities
6
14nn Not-For-Profit Part 6 Statement of Cash Flows
7
14nn Not-For-Profit Part 7 Reporting of Expenses by Nature and Function
You can view and review the lecture materials indefinitely, like an on-demand channel.
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4.5
4.5 out of 5
4 Ratings

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Includes

9 hours on-demand video
1 article
Full lifetime access
Access on mobile and TV
Certificate of Completion

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