Closing the financial books for an organization requires accuracy, attention to detail, and a knowledge of some advanced accounting principals. For many nonprofit organizations, especially smaller ones operating on a shoe string budget, hiring a full-time accountant may be out of their reach.
To help these small nonprofits properly accomplish their year-end closes, Aplos Software, LLC, which makes online nonprofit accounting and reporting software, will host a series of free webinars for nonprofits about year-end accounting procedures and how to prepare for the new year. The one hour webinar will be held on December 19 at 10 a.m. PST, January 2 at 10 a.m. PST, and January 7 at 2 p.m. PST. Webinar registration is currently available through Aplos Software’s website.
The “Year-End Accounting Tips to Start Your New Year Right” webinars will instruct church and nonprofit bookkeepers about key year-end accounting issues such as:
- Year-end accounting procedures for accurate fund accounting
- Common tasks unique to churches and nonprofits
- Tips on how to start accounting for your new year
- Essentials for switching your accounting software at the start of a new year
Aplos will also share free resources for closing the fiscal year including its popular Year-End Checklist, as well as an article that explains more in-depth year-end accounting practices by Alex Acree, Aplos Software’s head of support. The Year-End Checklist is available here: http://www.aplossoftware.com/ebooks/YearEndAccountingChecklist/
“Closing out the year’s accounting can be simple, but it helps to have a plan and know the common pitfalls,” said Tim Goetz, co-founder of Aplos Software. “We want to help each organization to be prepared and smoothly transition to the new year, especially those that don’t have the benefit of a professional accountant on staff.”
Nonprofits should also seek the advice of a credentialed accountant or tax professional to help ensure the accuracy of their financials and ensure compliance with any reporting requirements.