DaisyBee Consulting

03/13/2026

I haven't posted about this a lot, in part because I've been laying low for awhile, and also because I’m no kind of great salesman, but I run a couple of groups you should probably know about. One is right here on Facebook, with a large and diverse group of and folks: QuickBooks for Nonprofits. The other lives on Circle and is a much smaller, paid community that just celebrated its 1st anniversary. It's designed for accountants and bookkeepers focused on nonprofits who want a place to discuss the harder stuff with their peers: https://www.daisybeeconsulting.com/community It's not for everyone, but take a look if you think it might be for you.

12/04/2025

This has to be the most ridiculously awesome swag I’ve ever received! Notice the JACKET! Way to go, Canopy!

10/25/2025

Do your best.
And when you know better,
do better.

10/13/2025

if I had a coinbase account, I might have fallen for this. The fraudsters are getting clever; be careful out there!

09/29/2025

Y'all... don't do this. The front page of the 990 is like an elevator pitch for your organization. You've got four whole lines. Surely your mission can fit there. (and if it can't, it might be time for a rewrite.)

09/26/2025

We make things so much harder than they have to be.

Here’s a guiding principle: what happens in the accounting file should be what actually happened.

Full stop.

An example can be helpful.

• You get a refund from a vendor when you return something purchased with a debit card. (I don’t recommend debit cards, btw. If they are compromised, they’re a direct link to your bank account.)
• It’s tempting to treat this as income, since it will increase the balance in your bank account, but ask yourself:
– are they a customer? (they are not)
– do you do something to earn this money? (you did not. you returned a purchased item.)
– is this a contribution to your org? (sorry, no)
• You are getting money from a VENDOR because you returned something you had previously bought and paid for

so.
The return should reduce (credit) the same expense account you used for the original purchase, and
the transaction should show up in the vendor record.

In QBO, a $0 vendor credit hits all the things.
• the first (positive) line goes to the original expense account
• the second (negative) line goes to the bank account

pretty easy, right?

09/05/2025

The good folks at Nonprofit Accounting Academy have developed a self-paced budgeting course that covers everything from developing your assumptions to importing it into QuickBooks and doing variance analysis.

Carrie and Carol are excellent, knowledgeable teachers, and they've got a Pop Up Community with live and asynchronous support kicking off mid-September. Click this (affiliate) link to learn more and sign up!

How to Create a Master Operating Budget In case you're wondering where to even start...     Join now to participate in our Budgeting Pop Up Community Challenge in September! This is a self-study course with occasional Pop Up Communities where we offer live and asynchronous support. The course cove...

09/02/2025

Summer's over, and it's time to get back to school! This month's Lunch and Learn is going to be all about the basics of accrual accounting for : why you should use it, how it impacts various balance sheet accounts & what you need to know to keep those details clean, and how it can lead to more questions - and greater financial literacy- for your board. Register to join us at noon CT, 9/5/25.

There are good reasons why GAAP for nonprofits is accrual-basis accounting. Learn the key differences between cash and accrual, and how to get started using this method. We'll discuss the key balance sheet accounts that will be affected, how to work with them, and how to help you understand what thi...

06/16/2025

Financial statements are not your deliverable.

Send a message to learn more

05/16/2025

Hey CPAs? How many hours of specific training were required for your certification?

Send a message to learn more

05/16/2025

Huge number of micro-nonprofits. Some of the hardest to support though.

05/16/2025

Grateful to my web design partner Emily Hedrik who’s worked overtime to help me keep my promise of making the revenue series available on demand before I leave for Spain on Monday!
Session 1: Contributions and Contracts
Session 2: 3 GAAP-compliant ways to track restricted funds that cross fiscal years
Session 3: Getting started with Locations, and budgeting the change in net assets

If you’ve ever wrestled with tracking donor restrictions, second-guessed how to recognize revenue, or stared into the void of your chart of accounts wondering,