Non-profit organizations, unlike for-profit businesses, don't aim to generate a profit. Their primary focus is on fulfilling their mission and serving the public good. However, they still need to track their financial activities to ensure responsible use of resources and demonstrate accountability to donors, stakeholders, and the public.
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LearningTranscript
00:00Let's see those go.
00:02Humare paas jo next topic hai, uska naam hai accounting for…
00:11Accounting for not for profit organization.
00:36Bhole ji, koi aisi NPO jisko aap javte ho?
00:46E.T.P.
00:49E.T.P. Foundation, best example.
00:52Pakistan mein respected NPO hai.
01:04Aur jisko yeh log etewaar karte hain, wo E.T.P. Foundation.
01:07Aur koi?
01:09Al-Hikmat hai.
01:11I-CAP.
01:13I-CAP ki kehata hai.
01:15I-CAP yeh hi kehata hai.
01:19NPO hai.
01:21I-CAP mein toh agar aap itraaz kar sakte hain.
01:23I-CAP mein toh agar aap itraaz kar sakte hain.
01:25Aur koi bata hai nahi?
01:27Shaukat Khanam.
01:29Shaukat Khanam.
01:31Shaukat Khanam jo hai, wo bhi ek not for profit organization.
01:37Sahi hai dost?
01:41Aur wahan se toh mere khud, meri baalba ka bhi ilaaj wahan se hua.
01:46Mere pookha ji ka ilaaj wahan se hua.
01:48Toh hum unke system ko samjhte hai.
01:50Unke humara toh har aapte 10 din baad jaana ho.
01:52Toh wahan bhi donors ki list nagri rahi hoti hai.
01:55Balke humari ek toh chart account firms unka bhi naam tha usko.
01:59Donor list mein.
02:01Balke itne bade bade donors Shaukat Khanam pe the.
02:05Ibraham Khan ki credibility ki wajah se.
02:07Ki kuch aisi machine mein chahiye thi.
02:09Jo poore Asia mein sirf inhi ke paas the.
02:13Aadhaar mein ek machine mein ke paas the.
02:15Usko donate eki aatami rahi the.
02:17Eki agar muslim tha toh.
02:19Aur India mein wo ek hospital mein thi.
02:21Sahuliyat ke talaat se level.
02:23Aap jitne marji bade doctor hain, offline pe lagenge.
02:27Agar canteen hain.
02:29Meri waalda ke saath aksar jo number hota tha na.
02:33Kyunki wo date same hoti nahi.
02:35Wo hota tha Sadar Farooq Lagari aapne chudha hai.
02:38Farooq Lagari Sadar Rai Pakistan.
02:40Uska relative tha.
02:41Ya waalda thi hai koi.
02:42Uski tiffin bhi chah rahi tha.
02:44Toh wo jinki dates hoti hai.
02:46Same date pe agli date bhi same mil jate the.
02:48Aksar same date pe.
02:50Meri waalda aur wo Sadar Lagari ke relative hota tha.
02:53Aur aisa nahi hota tha.
02:55Ki agar meri waalda ka pehle number hai.
02:57Toh wo andar chala jaa.
02:58Koi privilege nahi hai wo.
03:00Apne baari pe aayenge.
03:02Kisi ko nahi pata.
03:03Mufti laaj karwa rahe hain.
03:04Paise wale.
03:05Toh jo numbering hai.
03:06Jo tariha ka raha hai.
03:07Wo bada disciplined way mein.
03:08Aur disciplined approach mein chalte.
03:10Irrespective of political views.
03:13Aur jaise ek film mein kehta hai na.
03:15Amitabh Bachchan.
03:16Ki hum insaan bohot munawak hota hai.
03:19Jisse hum achha samayte.
03:21Uski har burahi pe aankh baat kar lete hain.
03:23Aur jisse hum bura samayte.
03:25Uski har achhaayi pe aankh.
03:27Agar hum political views nahi bhi milte.
03:29Usse toh toh problem nahi hai.
03:31Lekin jo ek.
03:32Jo ek achha kaama usko appreciate karna chalte.
03:34Baara.
03:35Toh humare paas.
03:36Jo not for profit organisation hai.
03:38Yeh saari hai.
03:39Ab inka objective jota hai.
03:40Wo profit nahi hota hai.
03:42Inka objective profit.
03:43Nahi hota hai.
03:44Toh inki jo financial statements hoti hai.
03:46Wo profit seeking organisation se different hoti hai.
03:50Waha banti hai.
03:52Profit and loss.
03:53Kya banti hai?
03:54Profit and loss.
03:55Yeh statement of comprehensive income.
03:57Yaha jo banti hai.
03:58Wo banti hai.
03:59Income and expenditures account.
04:04Incomes.
04:06And.
04:10Expenditures.
04:12Account.
04:17Hai waisa hi.
04:19Matlab hai.
04:20Theme wohi hai.
04:21Kaun sa?
04:22Ke income me se.
04:24Expense minus kar de.
04:26Theme wohi hai.
04:27Lekin presentation ka dhrika kya bhi hai?
04:30Different hai.
04:31Aap pehle saari ek likte hai.
04:33Isme incomes.
04:39Kisi bhi.
04:40Not for profit organisation mein.
04:42Kya kya income ho sakte hain?
04:44Contributions ho sakte hain.
04:46Koi aadmi ghar de raha hai.
04:48Koi aadmi plot de raha hai.
04:50Koi aadmi zebraat de raha hai.
04:52Toh log different kisan mein.
04:54Kya karte rahate hain?
04:56Contributions karte rahate hain.
04:58Toh inke liye ek source of income.
05:00Kya hai?
05:01Contributions.
05:02Ek ek.
05:03Hum income ko abke dekhen.
05:05Doosra.
05:06Yeh bhi ho sakta hai.
05:08Fee for services.
05:10Hai toh not for profit organisation.
05:13Lekin parchi ke 10 rupee leti hai.
05:16Ilaaj kar deti hai.
05:185000 ka, 10,000 ka, 5 lakh ka.
05:21Lekin unhone ek process ki documentation process ho jaye.
05:25Ek minimum fees rakhi hai.
05:2710 rupee, 20 rupee ki parchi.
05:29Toh jo service dera hai.
05:31Agar uski fees le raha hai.
05:33Toh wo bhi unke liye kya hoga hai?
05:35Source of income.
05:37Aisa bhi ho sakta hai.
05:38Inke maas koi extra property hai.
05:40Inne 4 building kisi ne donate ki.
05:423 unke stawaal mein.
05:43Ek unhe kya dedi?
05:45Kisi warrant par dedi.
05:47Theek hai ji?
05:48Toh wo bhi unke liye kya hogi?
05:49Income hogi.
05:51Sai hai dost?
05:52Toh fee for services bhi ho sakta hai.
05:54Iske laawa.
05:56Members subscription.
05:58Yeh aapka favourite idara hai kya hai?
06:07Kya kya the?
06:08Main kya hoon?
06:09Not for profit organization.
06:11Aur bachon se bhi subscription ne leta hai.
06:13Members se bhi subscription ne leta hai.
06:16Toh wo subscription bhi iske liye kya hai?
06:18Source of income.
06:20Sai hai dost?
06:21Toh jo uske members ban jate hain.
06:23Hamara toh student se bhi leta hai.
06:26International bodies bhi leta hai.
06:28ACCA, ICAEW hain.
06:30Toh unhe students se bhi subscription leta hai.
06:32Aur jo aap college bank kar jate hain.
06:34Member ban jate hain.
06:35Toh bhi aapse subscription saari zindagi leta hai.
06:37Sai hai dost?
06:39Toh yeh subscription bhi unke liye kya hai?
06:41Mustahil source of income hoti hai.
06:43Aur.
06:45Iske laawa.
06:47Agar yeh koi event karvaate hain.
06:50Sale of tickets.
06:53Of an event.
06:57Agar yeh koi event karvaate hain.
06:59Jaise.
07:01Koi concert karvaa leta hai.
07:03Ya koi bachon ke liye party rakh leta hai.
07:06Toh koi bhi agar wo activity kar raha.
07:09Aur uske liye koi ticket rakha hai.
07:11Ke jiye agar is event mein.
07:13Ya is concert mein.
07:15Ya is function mein agar aana hai.
07:17Toh itne charges minimal dene pade.
07:20Toh hazaar paansar mein jo hoga.
07:22Us event se jo brochure ya tickets beche hain.
07:24Toh usmein kya ke laayegi?
07:26Income ke laayegi.
07:28Aur kharche usko agar koi honge.
07:30Toh usmein ismein kya karvaate hain?
07:32Less ka.
07:34Iske laawa.
07:36Agar aap ke paas.
07:38Particular jo aapne premises banayi hai.
07:40Shaukat khana mein canteen bhi toh chal rahi hai.
07:42Toh canteen toh itself.
07:44Ek business setup hota hai.
07:46Toh johne canteen chalayi hai.
07:49Toh usmein jab woh khana logon ko dete hain.
07:51Toh woh yeh jo token dete hain.
07:53Usse income hoti hai.
07:55Aur baaki jo canteen mein.
07:57Joh log kaam karein.
07:59Unki salaries aur baaki saari.
08:01Kya hote hain woh? Kharche hote hain.
08:03Toh ek liye ek aur source of income hain.
08:05Agar inane koi tuck shop banayi hai.
08:09Income.
08:11From.
08:13Coffee bar.
08:15Ya tuck shop.
08:18Toh usmein jo income aayegi.
08:20Woh bhi aapne incomes ke face pe likhe hain.
08:24Ab woh jab profit seeking organizations hai.
08:26Woh toh ek jeeg likhi hoti hai.
08:28Toh stop pe.
08:30Sales.
08:32Ab woh chhote items ki sale hai.
08:34Bade items ki sale hai.
08:36Fast moving consumer goods hai.
08:38Shampoo hai, detergents hai.
08:4010,000 products hai.
08:42Lekin top par ek line likhi hoti hai.
08:44Sales.
08:46Lekin yeh bada khuli ke utaata hai.
08:50Income side.
08:52Yeh humaari.
08:54Profit and loss se different hai.
08:56Lekin expenditure side same hai.
08:58Expenditure side.
09:00Ek.
09:02Normal P&L ki tarah hai.
09:08Expenditure mein humne padha tha.
09:10Kya kya ho sakti hain.
09:12Salaries aur wages ho sakti hain.
09:17Jo expense aap ITM introduction
09:19to accounting mein padh ke hain.
09:21Salaries aur wages ho sakti hain.
09:23Repair & maintenance ho sakta hai.
09:29Iske laab humaare paas.
09:31Ye bhi ho sakta hai ke.
09:33Inhone yahan koi.
09:35Event shevent koi karwaaya hai.
09:37Like yeh niche likeaa baa tha event ka.
09:39Lekin main event ka suggest karunga.
09:41Angre beshe Working banaana hain.
09:43Working no 1.
09:45As it was said, Sale of ticket of an event.
09:49If someone had a concert,
09:54Income from the event.
10:03You will get it from your face-pay working.
10:08You will take the sale of ticket from here.
10:12And from here expenses will be less.
10:19And what will we get?
10:22Their income.
10:24Repair and maintenance can be done.
10:26Apart from this depreciation is a famous item.
10:31Their benefits can also be done.
10:34How can benefits be done?
10:37Like from people who had to take subscription.
10:39And that member has given subscription without losing.
10:42But you did not get the subscription.
10:45Is it right?
10:47So what will happen?
10:49Bad debts will be there.
10:53Loss can also be there.
10:55Assets will be taken and profits will be taken.
10:57We will see later that if they themselves have invested something, then loss will come.
11:01If someone has donated, then what is the loss?
11:04If you spend something from the pocket, then there will be a loss.
11:08Apart from this, gifts and other sundry expenses.
11:14Who said sundry expenses?
11:16There are words in IT too.
11:18Small children, all together.
11:20What do you call all the small expenses together?
11:24Sundry expenses.
11:26So these expenses can be.
11:28Apart from this, if you have given gifts to someone,
11:31If you have given charities to someone,
11:33Then all the expenses will come.
11:37Usually there.
11:39In profit and loss, we used to write gifts and charities as selling and distribution.
11:44So what will we write here?
11:46Gifts and charities.
11:48So this is our expenditure.
11:50And the same.
11:52Whatever expenses are there.
11:54What we have been studying since childhood.
11:56Accrual.
11:58And the adjustment of pre-payment can be there.
12:01Second.
12:03If we calculate depreciation, then.
12:05The same old way.
12:07Depreciation.
12:09We will have to apply rates.
12:11And the same concern of all bad debts.
12:14So the expense side is all the same.
12:17What we have been studying since childhood.
12:23So there is no difference on the expenses side.
12:26There is a difference in the income side.
12:27There is a difference in the income side.
12:29So there is a different type of income here.
12:32Okay friends.
12:34So note it down.
12:36And see what is the difference between a common PNL and an income-managed expenditure account.
12:41Recall this.