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Level 1

Transfer funds from 501c4 to 501c3

I have two companies, both for the same non-profit organization.  We have an administrative company which is used for dues and administrative expenses and a service company with income from fundraisers and expenses to organizations and scholarships.  When the service company gets low in funds I transfer funds from the administrative company to the service company.  What type of accounts other than income and expense do I need for each company to track the transfer?  

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QuickBooks Team

Transfer funds from 501c4 to 501c3

Hello, @ChrisKennedy.

 

Thank you for reaching out to the Community.

 

Before going into detail, workflows vary from business to business, so I recommend reaching out to your accountant in a situation like this to ensure that your books are accurate.

 

If you have any more questions or concerns, please don't hesitate to comment below. Have a good rest of your day!

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