Author Archives: Tim

Conference give away — need advice

Posted on January 30, 2012 by Tim

If you saw Aplos at a conference, and we were giving something away at our booth, what would you like from us? A couple ideas we had are: 1) 3 month free trial of our accounting software 2) Flash drive … Continue reading →

Posted in 501(c)3, Church, Non-profit, Organization | Leave a comment

Moneyball and Church

Posted on January 27, 2012 by Tim

Have you seen the movie Moneyball?  I thought it was a great movie.  In the movie, the Oakland A’s take their measly annual budget and try to look at baseball differently.  Rather than looking at it like you have to … Continue reading →

Posted in Church | Leave a comment

Do Nonprofits need to do 1099′s?

Posted on January 24, 2012 by Tim

Do nonprofits need to do 1099′s? Yes!  Nonprofits must file 1099′s, just like anyone else.  Kind of like a W2 is how you notify an employee of how much money they made, a 1099 is a tax form that lets … Continue reading →

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Aplos $200 Visa Gift-Card Giveaway

Posted on January 23, 2012 by Tim

What would you do with $200 dollars in Visa cash? Go out to a nice dinner? Buy yourself something? Pay your gas for the month… ok, couple weeks? Aplos is giving away a $200 Visa gift card to one lucky … Continue reading →

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Supplying W-2’s and 1099’s for employees

Posted on January 23, 2012 by Tim

Written by guest blogger Michele Slayden: Don’t let tax season scare you. As the bookkeeper for a small non-profit, my job description sometimes places me in situations where I lack experience. This year, our non-profit hired a grant writer as … Continue reading →

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Do I need to do closing journal entries?

Posted on January 9, 2012 by Tim

A customer asked me “Do I need to perform closing journal entries in Aplos, to close out my funds or balance sheet accounts?” This is my reply: Click here to read about the accounting equation and the difference between an … Continue reading →

Posted in Aplos, Fund Accounting | Leave a comment

How is a balance sheet different than an income statement

Posted on January 8, 2012 by Tim

A balance sheet is based on a point in time and an income statement is based on a date range. Continue reading →

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What is the Accounting Equation?

Posted on January 7, 2012 by Tim

There are 5 basic types of accounts: Assets, Liabilities, Equity, Income, and Expense. Asset, Liability, and equity show up on the balance sheet. Income and expense show up on the income statement. The accounting equation is “Assets = Liability + … Continue reading →

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