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I know how important it is to ensure your account is set up correctly, MollyD. I'm here to help you change to a nonprofit.
QuickBooks Online lets you choose the company type that fits your organization's needs. I'd suggest updating your account to a nonprofit to ensure it uses correct terms, reports, and forms.
Here's how:
After making the necessary changes, the Invoice will now show as Pledge. Also, common reports for nonprofits, such as the Statement of Activity and the Statement of Financial Position, can be accessed.
In a nonprofit organization, customers are donors. Here's how to change the label:
For more details, please see this article: Configure an Account for a Nonprofit Organization.
Once done configuring your account, you can now start tracking donations to your organization.
I'm only a post away if you need more help in completing your other tasks in QuickBooks, MollyD. It's always my pleasure to help you out again.
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