I run a non profit. It had 22 separate bank accounts that I have closed and put all the money into one account. Is there a way to keep track of each divisions account balance and spending. I have tried classes and locations but all I can figure out is how to run a report that shows the transactions but not the beginning balance and not what is left.
you should check with a NFP tax accountant, but as I understand it, if any of those funds hold restricted funds (money donated only for that purpose) they can not be mixed with the general operation funds
You could turn on Projects and setup 22 projects for each division, then track the income and expenses by project. You would have to re-allocate the income and expenses that have already been categorized to the individual projects, but this would provide a way to track the income and expenses by division. However, you still won't have a beginning balance so to speak, as it is not a bank account. With credit cards, when you have a master corporate account and assigned cards under the account, you can setup a master credit card account and then sub-accounts under the master, tracking the expenses by cardholder. I suppose you could do this with a bank account if your bank can setup a sub-account for each user under the master account for you. It's a reach, but it never hurts to ask what your options are.