How can a nonprofit record memberships paid by customers and attribute the income to a grant saved as a project?

You can record your nonprofit income by creating a Sales receipt or an Invoice, Stacy. Allow me to provide the steps below.

Before generating a sales receipt or invoice, establish a service linked to an income account specifically for tracking membership payments.

Here's how:

1. Go to the Gear icon, then select Products and services. 
2. Click the New button and select Services.
3. Enter the name of the service. Then, assign which income account you want to attach to.
4. Once done, click Save and close.

After that, proceed to create a sales receipt or invoice.

Here's how:

1. Go to the +New icon and select either Invoice or Sales Receipt.
2. Enter the name of the customer.
3. Enter the service you've created earlier.
4. Make sure to assign the project correctly to ensure it is accurately recorded.

If you decide to create an invoice, ensure that you process the payment, so it reflects on your account.

Lastly, record the income to reflect in your account as a bank deposit.

Furthermore, refer to this article for guidance in depositing your funds in QBO.

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Additionally, you can set up and use location tracking in QBO to improve your financial management. For detailed guidance refer to this article: Record and make bank deposits in QBO.

Following these steps will help you record your nonprofit income payments in QuickBooks Online. If you have any further concerns about managing your finances, please feel free to reply. We are here to help you.

if I create a sales receipt, I choose Sally Jones as the customer, but I'm order to assign the receipt to a project, I need another customer field to select the name of the project from. I believe my only option is to assign a class, not a project, unless I'm mistaken.

When I create a receipt, I choose Sally Johnson as the customer I received $15 for a membership class, but there is no place where I can choose a project. I can assign a class, but not a project. Is that available in the advanced edition? I have Plus. 

Once you've create a sales receipt, you'll have the opportunity to select either a customer or a project from the provided list. I'm here to show to you how you can do this in QuickBooks, Stacy.

You can set up and manage projects in the Plus, and Advanced versions. The same applies to the Class tracking feature. 

If you haven't already utilized yet the Project feature, ensure to turn it on. Once enabled and set up, you can easily choose a project from the drop-down menu. To help you visualize this better, I've attached a screenshot below

While, the Class tracking feature allows you to categorize income and expenses into different segments or departments of your business. Classes could represent various locations, departments, or types of products and services, giving you the ability to see how different parts of your business are performing financially.

To help you manage project-based accounting, and enhance profitability, check out this article for your reference: Create and Manage Projects in QuickBooks Online.

Additionally, keep track of your financial reports to manage projects and maximize your project profitability. Go through this article for more details: Use Reports to Track Your Project Profitability and Progress in QuickBooks Online Advanced.

You can check out our QuickBooks Live Expert team. They are available to assist you with any of your customer and vendor transactions to ensure you'll have a clear understanding of your business's financial status.

Always reply if you have any other questions or concerns about membership or anything else about projects. I'm always right here to assist you.