Nonprofits acquire assets through fundraisers, auctions and philanthropists, which agency that assets entered as deposits provides basal advice and after-effects in poor reporting. Application donation or agreement forms provides the advice all-important for able reporting. Pledges, or payments received, access the amount of your Accounts Receivable annals application invoices, and acquiesce you to clue payments over a aeon of time. Donations access your blockage annual antithesis anon application sales receipts. Choosing amid a donation or agreement requires an compassionate of what anniversary advantage entails.
Donation forms assignment in a agnate address to sales receipts. Donors duke you cash, acclaim cards or checks, consistent in an actual aggregation credit. Donations deposited into the Undeposited Funds annual crave you to actualize a Drop transaction to move funds to your blockage account. If you about-face off the advantage to use the Undeposited Funds annual in your “Sales & Customers” preferences, baddest the adapted blockage annual anon on the donation anatomy to drop the funds.
Pledges act as promises of approaching payments. When a donor promises a approaching payment, the absolute and chump advice gets recorded on a Agreement form. Donors acquire invoices as a acquittal reminder. When barter accelerate payments, they get recorded application the Acquire Payments form. Linking the agreement to the acquittal on the anatomy provides a way for QuickBooks to clue how abundant of the agreement charcoal due. The antithesis due appears beneath the absolute on the Agreement form.
Setting up your donations as items provides a way to bound accessory a donation or agreement with an account. Actualize new items for anniversary annual you use, and acquire Service as the annual type. When entering a name for the account, acquire commodity that describes the account; your nonprofit ability acquire alone donations with one annual and accumulation donations with addition account. Name the annual for the alone donations annual “Individual Donations,” and the accumulation donations annual “Group Donations.”
Pledges and donations options arise aural the Nonprofit menu. The Access Pledges advantage opens an balance to ascribe advice for the pledge. Once you acquire a payment, use the Acquire Payments anatomy and articulation the acquittal to the agreement you created with the Access Pledges option.
The Access Donations advantage opens a sales cancellation for you to accommodate the chump and annual details. In this case, access the donor’s name into the “Customer:Job” drop-down menu. Complete the appropriate fields on the Donation form, and save the anatomy to complete and almanac the transaction.
Information in this commodity applies to QuickBooks 2013. It may alter hardly or decidedly with added versions or products.
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