12/28/2023 0 Comments Quickbooks online help![]() My new podcast is based on the content of my YouTube channel. My name is Desarie Anderson and I’m a Certified Public Accountant that specializes in nonprofit bookkeeping and accounting. If you'd like to contact me, you can email me or visit my 23 min ![]() This feature is what will help you break your organization's transaction into programs and programs is what non-profits are all about. As a non-profit, the class feature is a feature that you must have. Because the Plus and Advanced subscription levels are the only ones that have the "Class Feature," I do not recommend non-profits subscribe to either the Simple Start or the Essentials version. Payroll and merchant services can be added to any of the subscription levels, so if you have employees, and you accept credit cards, you can achieve both with any of the subscriptions.īut there is one thing that you MUST take into consideration when choosing the right subscription. ![]() There are four QuickBooks Online (QBO) subscription levels: Simple Start, Essentials, Plus, and Advanced. You just need to understand the software's limitations and know whether the built-in features and workarounds are acceptable to your non-profit. As most of you may know, QuickBooks online itself is not necessarily designed for non-profits, but that's not to say it can't be used for non-profits because it can. Still, the purpose of this podcast series is to discuss some of the workarounds that will help you conform QuickBooks online around you and your organization's needs.Īlthough QuickBooks online is not designed explicitly for non-profits, it works up to the point that it is acceptable to most organizations. There are some limitations when using QuickBooks online. In this first episode, I discuss matters that help non-profit bookkeepers decide whether QuickBooks online is the right fit for their organization or their clients. So whether a non-profit receives a contribution that it intends to pass on to another organization or if it collects money from its members with the intention of purchasing an agreed-upon item, the way the transaction is recorded in QuickBooks under either scenario is the same. In some cases, a non-profit may collect funds from its members in an agreement to use the money collected to purchase a particular agreed-upon item This type of transaction is referred to as an "agency" transaction. The topic of discussion today is how to correctly record pass-through contributions in QuickBooks online.Ī pass-through contribution is a contribution made to one non-profit entity (referred to as the recipient), who then transfers the funds to a second non-profit organization called the beneficiary). ![]() Today's show is going to be a combination of this podcast and a YouTube video demonstrating what I'll be discussing today. Hello again everyone and welcome back to the podcast. In scenario two, the bank statement has been reconciled and therefore, you can’t void nor delete the transaction because you’ll be throwing your prior period reconciliation out of balance. I’m going to show you how to fix this issue based on 2 separate scenarios. In scenario one, the bank statement that shows the donations has not yet been reconciled therefore, the incorrect transaction can be deleted or voided. ![]() It’s important that the sales by donor detail report is accurate because this is the report that you use to create your quarterly and year-end donor acknowledgment letters. And as you know, donors want to be able to report 100% of their total donations. In this video, I’m going to be demonstrating how to correct a donation that was entered on the deposit screen and therefore isn’t showing up on the sales by donor detail report (404) 300-3175 everyone and welcome to another demo video. ![]()
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