Accounting & Finance
Your money, your numbers
Useful Information
Contact accountants
Consider your company type
Consider where your accounting will be done:
- on site, at your company
- remotely, at accountant's location
Decide who will do your accounting
- an employee
- a contractor
- yourself
Decide which (local or global) accounting principles you'll use at your company
- GAAP
- IFRS
- Other
Decide which accounting method you'll use at your company
- cash
- accrual
An appreciation of depreciation
Your company depreciation table
Your company amortization table
Technology selected for your online accounting
Method selected to upload and share your accounting documents for your accountant/accounting
Items that your accountant requests from 'bookkeeping'
Self-pay: The right way for your business (V)
Templates: Financial projections by Score
Tools and Integrations (Q)
Specialists
Contact accountants
Consider your company type
Consider where your accounting will be done:
- on site, at your company
- remotely, at accountant's location
Decide who will do your accounting
- an employee
- a contractor
- yourself
Decide which (local or global) accounting principles you'll use at your company
- GAAP
- IFRS
- Other
Decide which accounting method you'll use at your company
- cash
- accrual
An appreciation of depreciation
Your company depreciation table
Your company amortization table
Technology selected for your online accounting
Method selected to upload and share your accounting documents for your accountant/accounting
Items that your accountant requests from 'bookkeeping'
Self-pay: The right way for your business (V)
Templates: Financial projections by Score
Tools and Integrations (Q)
Specialists
Tutorials
Contract with a bookkeeper
Gather:
- receipts
- proof of acquisition of assets during fiscal year
- proof of sale of assets during fiscal year
- invoices
- quotes
- estimates
- contracts
- inventory
- filed tax paperwork
- your sales terms
- your donation receipts (non-profits)
- allocation of donation funds (non-profits)
- credit funds received
Create a database of:
- your clients
- your vendors and suppliers
- your merchandise
- your business bank accounts
- your business credit card accounts
- database of credit extended to customers
- database of gift cards or vouchers sold
- list of tangible assets in use
- list of intangible assets in use
- tangible assets that belong to the company
- intangible assets that belong to the company
Organize the paperwork:
- digital folders
- hard copy folders
- inside the bookkeeping software
- at the bookkeeper's (mirroring)
Profit and loss (understanding the financial statement)
Journals
Learn how to make journal entries
- manually
- in QuickBooks Online
Set up your bookkeeping software
Clean up your bookkeeping data
Learn how to prepare a bank deposit
Learn how to prepare a bank reconciliation
Ensure you understand how to read:
- income statements
- cash flow statements
- statements of changes in equity
- balance sheets
- notes to financial statements
Learn what your tasks are to collaborate with your bookkeeper:
- upload receipts and documents
- ask questions
- answer questions
Templates
Tools and Integrations (Q)
- Use Google Sheets to analyze your bookkeeping data
Specialists
Useful Information
List your monthly:
- direct costs
- indirect costs
- priorities for your business
- priorities for yourself
- own personal revenue
- personnel, labor, professionals, contractors costs
- benefits costs
- training costs
- membership costs
- savings, a percentage of revenue
- investment, a percentage of revenue
- profit, a percentage of revenue
- debt service amount
- tax amount or percentage to set aside
- overhead (mortgage, rent, utilities, etc)
- equipment costs
- administrative & office expenses
- miscellaneous expenses
- influx of money
10-step annual budget checklist
Basic budgeting for non-financial professionals
Fundamentals of nonprofit budgeting
Introduction to project budgets
Templates
Tools and Integrations
Specialists
Useful Information
Use your own numbers from the budgeting section
Open a bank account
Introduction to cash and voucher assistance
Money mindset: Removing blockers (V)
Templates
- 36-month cash flow projection by Score
Tools and Integrations
Specialists
Useful Information
- embed your return on investment (R.O.I.)
Make your business credit worthy
Improve the value of your business
Financial projections
Projected vs actual financial projections
Finance and budgets in emergencies
Financial Management Essentials Certificate
Operating reserves and policy example
Transforming nonprofit business models
Templates
Tools and Integrations
Specialists
Useful Information
Grants
Loans
ABC's of online lending: Access, benefits and considerations (V)
Sponsorships
Fiscal sponsorship: What and why?
Creative financing and bootstrapping techniques
Find the right financing for your business: Lots of financing, few good choices (V)
Demystifying humanitarian financing: Pooled funding - how can NGOs engage?
Demystifying humanitarian financing: Private funding - a growing source for NGOs?
Crowdfunding
Equity offer to investors
Share splitting (with partners)
Exchanges
Donations
7 secrets your bank does not want you to know
Templates
Tools and Integrations
Specialists
Useful Information
Contact a tax preparer
Contact a tax planning professional
Adjustments
Benefits
Credits
Deductions
Expense types
Gains and losses
Getting the paperwork ready
Interests
Investments
Periodical tax accounts to set & use
Periodical tax payment to set & implement
Revenue types
Set up how to collect taxes automatically for your online company every time you make a sale
Tax advantages because of natural disasters
Tax advantages based on other conditions
Tax authority:
- mailing address
- online address
- email address
- payment link(s)
Tax rate(s) for your company
Types of taxes (income, labor, benefits, sales, etc)
You'll collaborate with your accountant / tax preparer regarding:
- sales tax computation and remittances
- other tax computation and payment matters
- the filing of forms periodically
- tax filing
Templates
Tools and Integrations
Specialists (Q)
- Fiscal authorities in the world
https://www.irscalculators.com/world-tax-authority-list