breakout Archives - Accounting Instruction, Help, & How To (Financial & Managerial)

Statement of Activities Formatting 185

Written by Bob Steele CPA - Accounting Instruction, Help & How To on January 26th, 2021. Leave a comment

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.

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Closing Entries 175

Written by Bob Steele CPA - Accounting Instruction, Help & How To on January 25th, 2021. Leave a comment

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.

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Allocate Expenses to Categories Par 1 170

Written by Bob Steele CPA - Accounting Instruction, Help & How To on January 20th, 2021. Leave a comment

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.

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Set up Funds & Tags 120

Written by Bob Steele CPA - Accounting Instruction, Help & How To on January 5th, 2021. Leave a comment

In this presentation, we’re gonna set up and customize our funds and tax features within our accounting software. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, we’re gonna go into our chart of accounts over here. Now, we’re going to go into the fund accounting tabs and the fund accounting tab up top, then you’ll see another bar here with our drop downs, we want to go to the accounting drop down on the far left hand side, we’re going to first go to that first item, which is going to be the accounting tab, we’re going to be going into the accounting tab. And then right up top, we have our funds features.

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Accounting Instruction, Help, & How To (Financial & Managerial)

Helping Learn Accounting – Financial & Managerial

Posts with the breakout tag

Statement of Activities Formatting 185

Closing Entries 175

Allocate Expenses to Categories Par 1 170

Set up Funds & Tags 120