§ Statement of Financial Position (Balance Sheet) § Statement of Activities (Income Statement) with columns for programs, management & general, and fundraising § Budget vs. Actual (monthly or year-to-date) § Grant/Project-Specific Reports
Video Tutorial: o For a step-by-step guide on closing your books:
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§ Closing the Books / Period End - QuickBooks Online
By following these steps and utilizing the provided resources, FOAM can effectively transition to GAP-aligned accounting within QuickBooks Online , ensuring accurate financial reporting and compliance with nonprofit accounting standards.
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