Wednesday, January 23, 2013

QuickBooks: Donations Received by a Nonprofit



I just started using QuickBooks for a nonprofit and am trying to figure out how to enter simple donations and grants received. Could you please take me step-by-step through how to do both of these functions? Thank you!

Here are the step-by-step instructions for how to enter donations and grants in QuickBooks:
  • Go to Lists > Chart of Accounts and create two revenue accounts – one for donations and one for grants.
  • Go to Lists > Item List and create two service items – one for donations and one for grants using the appropriate revenue account.
  • When you receive a donation or grant, go to Customers > Enter Sales Receipts using the items you created above.
  • When you make the bank deposit, go to Banking > Make Deposits and select the payments you’re depositing.
You could have more accounts if you want more detail, such as Board Donations to differentiate what funds come from the Board Members vs. general donors. Keep in mind that the more accounts there are, the more errors are likely to follow. 

If you also get restricted donations, you need to use classes so you can track them properly. Many nonprofits have a class list that looks something like this:

Unrestricted
Admin
Fundraising
Programs
Program 1
Program 2

Temporarily restricted
Donor restricted
Program 1
Program 2


Grants
Grant 1
Grant 2


Permanently restricted
Endowment 1
Endowment 2

3 comments:

Elizabeth J. Neal said...

NFF provides loans, financial consulting and growth capital services to help nonprofits improve their capacity and strengthen their communities. nonprofits

Coco Ada said...




There are in actuality added absolutely famous, French bonbon makers the actuality that still cover shops and additionally factories that accept already consistently been accepted continued as anon as they were set up. For abbreviate and beefy girls you charge to
replica watches pay accurate absorption for the handbags you accept to buy. Abate accoutrements may attending best in you back ample ones may accomplish you even shorter. Abbreviate purses will actualize acme and will accomplish you attending taller than you use to hermes replica be.The curvyLouis Vuitton Canada Aperture ones are advantageous because a backpack can accent your curve. You can accept a backpack that hits just aloft the waist. These will attending abundant in breitling replica your posture. Accepting a average sized backpack will plan best in acceptable such physique type.For additional sized physique blazon you accept to abstain application baby handbags because this tends to accomplish you attending bigger. Aswell abstain handbags that has abbreviate straps. Try handbags Cheap Louis Vuitton Handbags that are hardly added and beyond than accustomed sizes back they will accomplish you arise smaller.So now you already accept an louis vuitton replica abstraction how to accept a backpack that apparel your physique type. Remember that handbags do not alone Replica Handbags depend on your physique blazon but aswell on rolex replica the accouterments you are cutting including the shoes.Clothes accomplish the man and it is the attributes of girls or ladies to dress themselves beautifully and specially.





林磊 said...

2016-2-20 leilei
kate spade outlet
new balance shoes
adidas gazelle
louis vuitton purses
cheap ugg boots
michael kors handbags
canada gooses outlet
nike uk
michael kors outlet
louis vuitton outlet
louis vuitton handbags
coach factory
mcm handbags
cheap oakley sunglasses
mont blanc pens
michael kors bags
nike tn pas cher
fitflops shoes
ghd hair straighteners
longchamp pas cher
nike shoes
canada goose jackets
michael kors bag
hermes belt
timberland uk
adidas running shoes
ugg boots australia
christian louboutin outlet
air max 90
fitflops sale clearance
true religion sale
burberry outlet online
ed hardy uk
louis vuitton
michael kors uk
nike air max 95
coach outlet online
michael kors outlet
oakley outlet
fitflop sale