17 Sep

Non Profit Contributions Setup in Quickbooks 2013

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We Reponsded to a Questioned We are received from Tom McManus.

Question is as follows:
Can you provide any insight on non-profits or how to handle contributions?

We are recording donations, and then in the spring make awards. The question is how to record the donations. I have seen some suggestion to enter then as a job under each donor/customer. For example Bob Jones — Customer; 2012 Donation is the job.

Then make each award in the spring as a class for each entity/person that receives one.

Awards are as follows: A cash scholarship to a high school grad; a donation to a local elementary school earmarked for library book purchases; a donation to a local University’s Friends of library fund; and several Teacher support awards, that are usually gift cards to office supply stores.

Check our Our Video Response

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Rating: 4.15, Duration: 8:44 , Author: QuickBooks Tutorial, Likes: 39, Dislikes: 8, source

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