QuickBooks Online 2021 Bank feeds. Let’s get into it with Intuit QuickBooks Online 2021. Here we are online in our Google search engine. We’re typing in the QuickBooks Online test drive to get to our QuickBooks Online at Test Drive File, we’re going to be clicking on QuickBooks Online at test tribe, verifying that we are not a computer here, and then continue. Here we are in the Craig’s design and landscaping services practice file, we’re going to be touching in on the bank feeds. And the first thing we want to note is that we will be going into bank feeds in more detail, but it will be after the primary practice problem where we will focus specifically on bank feeds.
Preferences – Account & Settings 30
QuickBooks Online 2021 preferences, account and account settings. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our Google search page searching for QuickBooks Online test drive. And then we’re going to be picking QuickBooks Online test drive for Intuit, the owner of QuickBooks, we’re gonna verify that we are not a computer, or a robot, kind of the same thing, I guess, I mean, a computer can be a robot, but a robot doesn’t necessarily have to be. But in any case, we’re here on the Craig’s design and landscaping services, we want to touch in on the preferences or account settings, because when you set up a new company file, this is often one area that you’re going to zoom in on towards the beginning of the setup process.
Restricted Net Asset Detail Report 190
This presentation we will generate, analyze, print and export to an Excel a restricted net asset detailed report and get ready because here we go with aplos. Here we are in our not for profit organization dashboard, let’s head on over to Excel to see what our objective will be. We’re currently in the 10th, tab, tab number 10. And last time and a few prior presentations, we’ve been creating the statement of activities, including three columns, two columns, for width restrictions, without restrictions, we then broke out the width restriction column out into the expenses by both function and by their nature.
Expenses by Nature & Function 187
In this presentation, we will generate, analyze, print and export to Excel a report that will show the expenses both by their nature and by their function. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard. Let’s first take a look at our Excel sheet to see what our objective will be. We’re over here on tab 10. You’ll recall last time that we made the statement of activities. So the statement of activities in essence, the income statement being broken out by two columns, and a total column, those with restrictions and without restrictions. And now we’re concentrating on those expenses, which we want to break out both by nature and function, which we could do on the statement of activities.
Statement of Activities Export 186
This presentation we will generate, analyze, print and export to Excel a statement of activities or income statement report, get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, we’re going to be heading on over to the reports on the right hand side. So let’s be opening up the reports. And we’re looking at the statement of activities. So you’ll recall the statement of activities is, in essence, an income statement. We’ve been working with the income statement by fund, but then we created our custom reports down below. So we took this report, that’s going to be a general report, we’re going to scroll down to like custom reports down below, which is then the saved reports.
Statement of Activities Formatting 185
https://youtu.be/S3lCOA6esqY?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
In this presentation, we’re going to take a look at the formatting of a statement of activities or income statement, we’ll take a look at customizing the statement of activities and customizing it for internal use, as well as external use and then saving those customized income statements so that when we go into them into the future, it will be as easy as possible, get ready, because here we go with aplos. Here we are on our not for profit organization dashboard, we’re going to be opening up our reports, let’s go to the reports on the right hand side to do so we’re then going to go into the income statement by fund. So let’s take a look at the income statement five fund which is going to be our statement of activities report.
Closing Entries 175
https://youtu.be/OdjLcvkWPfY?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
This presentation, we’re going to discuss the closing process for our accounting system. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, let’s head on over to our Excel file to see what our objective will be, you’ll recall, we’re going to be in tab 10. By the way, we’re over here in tab 10. You’ll recall that we’ve been looking at each transaction with the accounts that will be affected, posting those over to our Excel worksheet to see the effect on the trial balance on the accounts. Now, we did this in terms of posting to our first trial balance up top and so row one. And then we said, okay, what if we break this information out, and I want to break this information out by not just the expenses by their nature, but by their function. Now, in aplos, we have a nice system to do that we’re going to use the phones and the classes, or the funds and the tax to do that here.
Net Assets Released From Restriction 172
This presentation we will record a transaction related to net assets being released from restrictions. In other words, we have net assets that had some restrictions put on them, we’re going to be spending money in such a way that it will be releasing the net assets from restriction will record the journal entry to move those net assets from a restricted area to unrestricted so that they can be used and reflected on our statement of activities and statement of net position. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard. Let’s head on over to our Excel worksheet to see what our objective will be. We’re over here in tab 10. So tab number 10. On the Excel worksheet, you’ll recall in previous presentations, what we have done thus far is we’ve been thinking about recording transactions in terms of journal entries, the accounts that are affected, and then putting them into our trial balance.
Allocate Expenses to Categories Part 2 171
https://youtu.be/H1D3e6dKlTI?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
This presentation, we’re going to continue on allocating our expenses by category by function, including by program, admin, and fundraising with the use of our tax feature within our accounting software, get ready to go with aplos. Here we are in our not for profit organization dashboard, we’re going to go on over to our Excel file to see what our objective will be. We’re continuing on with the allocation of our expenses, you’ll recall the objective being that normally we have our expenses broken out in the statement of activities here. And we need to break them out both by function and what they’re used for by nature and by function.
Allocate Expenses to Categories Par 1 170
https://youtu.be/F4FtVtXckPo?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
This presentation and we’re going to start breaking out our expenses by nature. In other words of what the expenses are used for with the use of the tags, the categories being the education, the community service, the administrative and the fundraising for that 4020 2020. Being the allocation percentages, we will be using, get ready, because here we go with abalos. Here we are in our not for profit organization dashboard, we’re going to be heading on over to Excel to see what our objective will be.