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Season 4 / Episode #7 - Morning Star's QBO Accelerator: Non-Profit Edition

Season 4 Episode 7

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Podcast Episode: QuickBooks Online Setup for Canadian Non-Profits

Join Lisa and Staci as they dive deep into setting up QuickBooks Online specifically for Canadian not-for-profit organizations. In this episode, they break down every critical step—from selecting the right QBO version and assessing your organizational requirements to configuring tax settings (GST/PST), mapping your legacy data, and establishing robust financial processes.

Highlights include:
• A clear glossary of accounting terms such as accrual accounting, audit logs, and class tracking in QuickBooks
• Best practices for monthly financial reviews, accurate bank reconciliation, and identifying invoice numbers for stress-free accounting
• Tips for integrating QBO with third-party apps like Eventbrite to automate data flows and improve time management
• Detailed discussions on Canadian taxation—setting up GST and PST, correctly inputting tax registration numbers, and ensuring compliance with CRA guidelines
• Insights into proper data preparation, cleaning, and mapping for financial compliance
• Guidance on creating custom reports tailored to your organization’s unique needs
• Critical advice on system configuration, user roles, and security measures like multi-factor authentication
• Final testing, staff training, and the smooth transition to live operations, with an emphasis on regular reconciliations and accurate record-keeping

Plus, they announce an exciting new marketplace loaded with tools, guides, and courses designed specifically for non-profits, check back in March for tools and solutions to your pain points! Whether you're a seasoned financial professional or new to managing non-profit accounts, this episode is packed with actionable insights and expert tips to streamline your accounting process.


Morning Star Consultive Services

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Disclaimer: Morning Star Consultive Services are not accountants. We strongly recommend consulting with your certified accountant or financial advisor to ensure your setup meets all applicable CRA requirements and is tailored to your organization’s needs.

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