Grant Accounting & Recording Contributions (In Person or Online)

Does your organization struggle with detailed accounting for grants and other donations?  Proper management of these financials is vital to future funding.

Learning Objectives

• Recognize the difference between conditional and unconditional grants for the purpose of recording revenue
• Recognize the difference between contributions and exchange transactions for purposes of recording the revenue
• Understand how to account for restricted, unrestricted and permanently restricted contributions and how these contributions change net asset categories
• Know how to record promises to give
• Know how to record in-kind contributions

Description

Understanding how to account for different types of revenue will make your financial picture more accurate.

Accounting for grants can be complex because each grant has different reporting requirements.  It is important for exempt organizations to be able to properly account for grant funds in order to continue receiving those funds.

Join us to receive detailed instructions and examples of the different accounting rules for each type of contribution and grant revenue.

Available through live streaming--participate from your computer or mobile device.  Engage during the training by emailing comments and questions.

Level

Intermediate

Audience

Financial Staff and Executive Directors, all those who manage the accounting for grants in the organization.

Presenter

Monica Yaple, CPA is a sole proprietor in Albuquerque and has been working in public accounting in New Mexico since 2001.  Her experience includes a wide range of accounting services including auditing, tax preparation, bookkeeping and consulting among other services.  Clients include individuals, small businesses, governmental and not-for-profit entities.  Monica currently serves as Treasurer for the City of Albuquerque Open Space Alliance.