[GNC] Accounting for Non-profits

[Michael or Penny Novack]

> You can also start with a completely blank file (created by default) and
> then just add in your accounts manually. That seemed faster in my
> situation, instead of editing most of the supplied accounts.
>
I have ALWAYS done it that way. The CoA of a non-profit organization 
bears little resemblance to a personal set of books. And not a lot to a 
business set of books.

You will also have to decide about "petty cash". If this is VERY active, 
you might prefer doing the accounting for that in a separate set of 
books the way done in the old pen and ink on paper days << businesses 
can do that too >> Subsidiary books for things like this, sales, etc. 
mainly useful when other people might be doing this work, lightening the 
load on the treasurer (who alone can access the main books). People who 
learned in the old days will know how totals from subsidiary books get 
entered in the main books.

The sort of non-profit has not been specified and issues are different. 
Membership type orgs might even want to get entangled with "business 
features" even though the organization is "cash basis" in order to be 
able to produce "member statements" (even though legally dues owed are 
NOT "receivable").

Michael

-- 
There is no possibility of social justice on a dead planet except the equality of the grave.