QBO GROUP GRANT

Bookkeeping Utilizing QuickBooks Online

Donor Partner: QBO Group
Category: Bookkeeping
Format: Virtual
Availability: Limited Availability

Description

For less than the price of QuickBooks Advanced, have all your bookkeeping done for you!*

Bookkeeping is one of the most essential activities for an organization. Yet it can be difficult to make time to properly take care of finances, and it’s usually expensive to have someone do it for you. QBO Group specializes in bookkeeping for nonprofits. Their grant helps organizations take care of their finances properly, for less than the price of QuickBooks Advanced.*

QBO Group’s grant provides an entire year of bookkeeping services for the price that most companies charge per month. It is an annual subscription.

Benefits

  • Take back an average of 30+ hours per month of your time**
  • Save an average of $2,466 on bookkeeping per year (or more if paying an employee)***
  • Avoid mistakes that create costly problems
  • Utilize the #1 industry leading software, QuickBooks
  • Keep a pulse on the financial health of your organization

Support

QBO Group provides free phone and email support.

Please Choose Carefully

This product's Admin Fee is nonrefundable. There are no exchanges.

How to Obtain This Grant

Fill out the "Apply For Grants" form at the bottom of the page. You'll receive an email or call from us to discuss next steps, which will include helping you setup QuickBooks, creating your Chart of Accounts, and beginning the work of properly managing your finances through bookkeeping.

Product Options

There are three options for the QBO Group Grant: Small Nonprofits, Medium Nonprofits, and Large Nonprofits (plus a free QuickBooks Setup and custom quotes).

Free QuickBooks Setup for Nonprofits

  • Setup for QuickBooks Online Cloud-Based Accounting System
  • Sync Your Bank Accounts with QuickBooks
Grant Value: $250
Admin Fee: $25 (90% Discount)
Tech Soup Special: Free!

Small Nonprofits

  • For Nonprofits with Less Than $50,000 in Annual Gross Revenue
  • QuickBooks Online Cloud-Based Accounting System
  • Bookkeeping Services
  • Chart of Accounts Setup or Review
  • Account Reconciliations
  • Monthly Financial Statements
  • End of Year Donation Receipt Letters (Year-End Tax Statements) via Email
  • Audit Prep
  • Revenue Data Entry & Allocations
  • Expense Data Entry & Allocations
Grant Value: $7,200 ($600 Per Month)
Admin Fee: $3,600 (50% Discount)
Tech Soup Special: $800 Per Year (89% Discount) or $85 Per Month

Medium Nonprofits

  • For Nonprofits with $50,000 - $200,000 in Annual Gross Revenue
  • QuickBooks Online Cloud-Based Accounting System
  • Bookkeeping Services
  • Chart of Accounts Setup or Review
  • Account Reconciliations
  • Monthly Financial Statements
  • End of Year Donation Receipt Letters (Year-End Tax Statements) via Email
  • Audit Prep
  • Revenue Data Entry & Allocations
  • Expense Data Entry & Allocations
Grant Value: $12,000 ($1,000 Per Month)
Admin Fee: $7,200 (40% Discount)
Tech Soup Special: $1,200 Per Year (90% Discount) or $120 Per Month

Large Nonprofits

  • For Nonprofits with $200,000 - $1 Million in Annual Gross Revenue
  • QuickBooks Online Cloud-Based Accounting System
  • Bookkeeping Services
  • Chart of Accounts Setup or Review
  • Account Reconciliations
  • Monthly Financial Statements
  • End of Year Donation Receipt Letters (Year-End Tax Statements) via Email
  • Audit Prep
  • Revenue Data Entry & Allocations
  • Expense Data Entry & Allocations
Grant Value: $24,000 ($2,000 Per Month)
Admin Fee: $12,000 (50% Discount)
Tech Soup Special: $2,400 Per Year (90% Discount) or $240 Per Month†


* Depending on the size and need of your organization. In our experience, small sized nonprofits typically qualify.
** Based on a QuickBooks survey of small business owners from April 2020.
*** Comparing our “Medium Nonprofits” package with similar packages from 10 other virtual bookkeeping companies. Analysis done in November 2020.
† For nonprofits with more than $1 million in annual gross revenue, custom quotes are needed. Prices start at just $3,600 per year. Contact us for more info!

IN-KIND CONTRIBUTIONS

We encourage nonprofits to track non-cash contributions (in-kind contributions, in-kind donations, in-kind grants and in-kind gifts) in QuickBooks Online (QBO)!

Does your nonprofit receive in-kind contributions of services such as advertising, marketing, social media management, web design, website hosting, graphic design, nonprofit administration, bookkeeping, professional services, rent, transportation, event tickets, and/or any other services? What about goods? Products such as food, clothing, toys, household items, computers, furniture, auction items, cars, and more?

IRS COMPLIANCE

In-kind contributions are essential support from donors and are REQUIRED by the Internal Revenue Service (IRS) to be booked by nonprofits. Every year, nonprofits must answer this question, "Did the organization receive more than $25,000 in non-cash contributions? If 'Yes,' complete Schedule M" (IRS Form 990, Part IV Checklist of Required Schedules, Question 29).

If your current practices and procedures violate the IRS Code and State and Federal Laws, we do not feel comfortable assisting your nonprofit without bringing these issues forward. Also, non-compliance will hinder your organization from obtaining grants.

IN-KIND GRANTS

More than that, in-kind grants can frequently count towards meeting the matching requirements of traditional grants and when booked more accurately reflect the true cost of running your nonprofit. Figuring out what can be booked, how to value them, and how to enter in-kind contributions into QuickBooks can be challenging.

If your nonprofit receives in-kind contributions of either goods or services, then QBO Group can help you with QuickBooks management.

MANAGEMENT

  • Connect your nonprofit's banks, credit cards, PayPal, etc.
  • Enter in-kind contributions
  • Enter pledges (promises to give)
  • Create invoices and bills
  • Track budgets
  • Monitor expenses by specific programs
  • Track budgets and actual expenses

REPORTING

  • Profit and Loss statements (P&L reports)
  • Balance Sheet statements
  • Budgets vs. Actuals
  • Contributions by individual donors
  • In-kind contributions by specific programs
  • And many more reports

    APPLY FOR GRANTS

    Disclaimer: By filling out this form you allow Grants Group to apply for grants on your behalf. We will not sell your information to any third parties. Applying for grants doesn’t guarantee your organization will receive them.