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Accounting Instruction

Government Grants 140

Written by Bob Steele CPA - Accounting Instruction, Help & How To on January 12th, 2021. Leave a comment

In this presentation, we will enter a transaction related to the receipt of a government grant into our not for profit organization. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, we’re going to head on over to our Excel file to see what our objective will be, we’re going to be in tab four. So we’re in tab four, where we have a contribution that’s going to be for the school over to our description up top. So this is going to be the government grant to be used for education. So we’re going to get money, we got money from a government grant. And we have to use it for a specific reason, they put a restriction on it in other way.

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