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NFP receives grant which I have received as Income (Out of Scope), and created a class, but I need to acquit expenses against it. I have the Grant amount as a credit in the income account, and the purchase as a debit in the fixed asset account, but when I run the class report it lists the Deposit and the Bill and adds them together, instead of subtracting the debit. They are listed in the BS correctly.

Is there a better way of recording this?

1 Comment
QuickBooks Team

Re: Aquittal

I can help you record the grant, LindaJB.


You can use the same income account on both deposit and bill transactions. When you pull up the Transaction Detail by Account report, the deposits will appear as positive, while the bills are negative.


Here's how to pull up the report:

  1. Click Reports.
  2. In the Find report by name field, enter Transaction Detail by Account. 

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