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jodomoro
Level 1

How to book an ACH donation minus bank fees?

How to book an ACH donation minus bank fees? For QuickBooks Desktop Premier Non-Profit 2017. We are receiving ACH donations but, to the donated amount, we need to reduce/book the fees the bank charges.

3 Comments 3
Kristine Mae
Moderator

How to book an ACH donation minus bank fees?

You can enter it as a deposit, Jodomoro. I'm here to help you.

 

From there, you can enter the bank fee to be deducted from the donated amount. Here's how:

  1. Click Banking.
  2. Go to Make Deposits.
  3. Select the bank account in the Deposit To row, then enter the date.
  4. In the first line item, select who donated the money, the account, and amount.
  5. In the second line item, select the bank fee account, then enter the amount as negative. 
  6. Click Save & Close

 

For more information, check this reference on how to record and make Bank Deposits.

 

If you have more questions, please feel free to let us know. We're right here to help you.

Fiat Lux - ASIA
Level 15

How to book an ACH donation minus bank fees?

@jodomoro 

As additional option, explore this membership management app to integrate with your QBD. You may utilize the starter plan for free.

https:// wildapricot.grsm.io/quickbooks

 

JKP0420
Level 1

How to book an ACH donation minus bank fees?

With this deposit with processing fee - Would you CLASS the bank fee to the same CLASS as the donation- if it is for a fundraiser?

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