Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first.
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
Jonathan, Boulder uses accrual accounting. We are expecting to be of a size that would require an external audit and that would require financial statements to be accrual based. Receiving dollars from government sources may also require audited statements and therefore accual financials. There are guidelines given in GAAP as well as the AICPA. other questions, please ask. I have been doing nonprofit accounting for two decades. Gary Matthews President Community Cycles
From: Jonathan Morrison jonathan@slcbikecollective.org To: The Think Tank thethinktank@lists.bikecollectives.org Sent: Tuesday, December 27, 2011 2:30 PM Subject: [TheThinkTank] Accounting
Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first. Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit: http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
Does anyone use http://quickbooksonline.intuit.com/ products to do their accounting?
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
On Tue, Dec 27, 2011 at 2:30 PM, Jonathan Morrison < jonathan@slcbikecollective.org> wrote:
Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first.
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
When our bookkeeping volunteer stepped aside, we took the opportunity to move from a dedicated installation of Quickbooks to the online version. We have an accountant on retainer, so most of our volunters don't have much (or anything) to do with it. That makes it hard to give an organizational critique, but I can say that I've found it pretty effective from the reporting side of things, without having to rely on whoever's wearing the finance hat.
--Ryan S. Sacramento Bicycle Kitchen
On Tue, Feb 7, 2012 at 9:28 PM, Jonathan Morrison < jonathan@slcbikecollective.org> wrote:
Does anyone use http://quickbooksonline.intuit.com/ products to do their accounting?
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
On Tue, Dec 27, 2011 at 2:30 PM, Jonathan Morrison < jonathan@slcbikecollective.org> wrote:
Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first.
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit:
http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
We've been using it for about 5 years now and it's been great. It allows multiple people like the bookkeeper, accountant and ED to access it at any time. It can sync to your bank accounts and has yet to crash.
Ride On! Rich
On 2/7/2012 10:28 PM, Jonathan Morrison wrote:
Does anyone use http://quickbooksonline.intuit.com/ products to do their accounting?
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org http://www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
On Tue, Dec 27, 2011 at 2:30 PM, Jonathan Morrison <jonathan@slcbikecollective.org mailto:jonathan@slcbikecollective.org> wrote:
Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first. Sincerely, Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 <tel:801-328-2453> c: 801-688-0183 <tel:801-688-0183> f: 801-466-3856 <tel:801-466-3856> www.slcbikecollective.org <http://www.slcbikecollective.org> The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit: http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
I am not an accountant but use QuickBooks for my HOA management business and plan to use if for Bicycle Longmont's accounting. As I understand it (real accountants, please correct me if I am wrong), the "jump" is very easy with QB as there is no difference in the set-up and reporting can be done as either cash or accrual by a simple selection during report generation.
Tom Dettloff
On 12/27/2011 2:30 PM, Jonathan Morrison wrote:
Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first.
Sincerely,
Jonathan Morrison Executive Director Salt Lake City Bicycle Collective 2312 S. West Temple Salt Lake City, UT 84115 w: 801-328-2453 c: 801-688-0183 f: 801-466-3856 www.slcbikecollective.org http://www.slcbikecollective.org
The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
Thethinktank mailing list Thethinktank@lists.bikecollectives.org To unsubscribe, send a blank email to TheThinkTank-leave@bikecollectives.org To manage your subscription, plase visit: http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.o...
participants (5)
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Gary Matthews -
Jonathan Morrison -
R Points -
Ryan Sharpe -
Tom Dettloff