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EAA839
Level 2

How do I track donations targeted for a specific purpose. I'll have to track spending those also.

We accept general donations to help our organization. That is cash from a donation jar and car wash. In addition to that, we have a PayPay account (and accept checks also) for one specific purpose donors know about. I need to track those 'purpose' donations and have the ability to deduct from them when buying items for the 'purpose'. One donor just gave a check for $600. I need to deduct $536.20 for an item we bought. Thank you!
Solved
Best answer February 12, 2019

Best Answers
Charies_M
Moderator

How do I track donations targeted for a specific purpose. I'll have to track spending those also.

Hello there, EAA839.

 

I'm here to help you track donations for a specific purpose in QuickBooks Online (QBO).

 

You can record those donations as an invoice, a sales receipt or a deposit. Then, you can add your donor's name from the expenses for tracking purposes.

 

I'll leave you with the following articles for your reference:

Once done, you can open the Job Profitability Summary. First, you'll need to turn on the Project feature in QBO, so you'll be able to create a project and pull up the profitability report.

 

To turn it on: 

  1. Select the Gear icon.
  2. Under Your Company, select Account and Settings.
  3. Select Advanced.
  4. Select the pencil icon on the Projects section.
  5. Check the Organize all job-related activity in one place box.
  6. Select Save and Done.

Now you can pull up the report through the steps below:

  1. Click Projects on the left menu.
  2. Double-click the project name.
  3. Under Project reports, select Project Profitability.
  4. Filter your desired date.
  5. Then Run report.

For complete details on how you can create a project please refer to this article: https://community.intuit.com/articles/1549960.

 

Don't hesitate to get back to me if you have follow-up questions about recording donations. I'm always happy to help.

View solution in original post

1 Comment
Charies_M
Moderator

How do I track donations targeted for a specific purpose. I'll have to track spending those also.

Hello there, EAA839.

 

I'm here to help you track donations for a specific purpose in QuickBooks Online (QBO).

 

You can record those donations as an invoice, a sales receipt or a deposit. Then, you can add your donor's name from the expenses for tracking purposes.

 

I'll leave you with the following articles for your reference:

Once done, you can open the Job Profitability Summary. First, you'll need to turn on the Project feature in QBO, so you'll be able to create a project and pull up the profitability report.

 

To turn it on: 

  1. Select the Gear icon.
  2. Under Your Company, select Account and Settings.
  3. Select Advanced.
  4. Select the pencil icon on the Projects section.
  5. Check the Organize all job-related activity in one place box.
  6. Select Save and Done.

Now you can pull up the report through the steps below:

  1. Click Projects on the left menu.
  2. Double-click the project name.
  3. Under Project reports, select Project Profitability.
  4. Filter your desired date.
  5. Then Run report.

For complete details on how you can create a project please refer to this article: https://community.intuit.com/articles/1549960.

 

Don't hesitate to get back to me if you have follow-up questions about recording donations. I'm always happy to help.

View solution in original post

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