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Monthly Archives: May 2012
Fixed Assets Journal Entries
Good stewardship of funds includes tracking your assets. We want to help your organization get started and provide this simple explanation of “equipment” as an asset and how to start tracking your equipment. It’s important to track your assets because disposing of an asset can create a taxable event. Assets are also considered when applying for a loan. Continue reading
Posted in 501(c)3, Accounting, Aplos, Church, Form 990, Internal Controls, Non-profit, Organization
Tagged 990, accounting software, accounting software for churches, Aplos, Church, church accounting software, church financial software, example of a depreciation entry, example of an equipment entry, examples of accounting journal entries, fixed asset inventory, fixed asset tracking, Form 990, Fund Accounting, fund accounting software, how to track assets, internal controls, Non profit accounting software, Nonprofit, nonprofit accounting software, nonprofit financial software, protecting your assets, simple accounting software, track asset, tracking fixed assets
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Example of Accounting Journal
Here is an example of a general ledger journal entry log to track your accounting journal entries. It’s easy to copy and customize. Continue reading
Posted in Accounting, Internal Controls, Payroll
Tagged accounting software, church accounting software, customize this journal entry description log, Example of a depreciation expense entry, example of a payroll general ledger entry, example of accounting journal entry, fund accounting software, general ledger journal entries, internal controls, Month end closing procedures, Non profit accounting software, nonprofit accounting software, simple accounting software, tracking general ledger entries
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Effective Internal Controls
Mandating vacation is also good financial management. Unpaid vacation (that is vacation earned but not taken) should be accrued and can grow into huge expenses for a small organization if allowed to build up. Nonprofit accounting software can only do so much to protect your organization from fraud. Implement effective internal controls. Continue reading
