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Albert C
Level 1

I have multiple donors w/ credits at a school. I want to pay the school's ASB with one check for those credits. I want to "transfer" the neg. balances to ASB for a trip.

 
2 Comments 2
Jane_M
QuickBooks Team

I have multiple donors w/ credits at a school. I want to pay the school's ASB with one check for those credits. I want to "transfer" the neg. balances to ASB for a trip.

Hi there, Albert. QuickBooks Online (QBO) doesn't allow transferring money from multiple donor credits with a single check.

 

However, an alternative solution is to create a clearing account in QBO and use a journal entry (JE) to combine the donor credits. From there, you can write a single check to pay the school's ASB.

 

I recommend reaching out to your accountant to determine the best method for your accounting practices and to ensure accurate tax and reporting tracking. If you don’t have one, I’d be happy to help you connect with an accountant who can guide you.

 

If you have any questions or need further clarification, feel free to click the Reply button below.

Jane_M
QuickBooks Team

I have multiple donors w/ credits at a school. I want to pay the school's ASB with one check for those credits. I want to "transfer" the neg. balances to ASB for a trip.

Hi, Albert. I just wanted to follow up to check if the resolution we provided helped resolve your issue.

 

Please let us know if everything is now working as expected or if you’re still experiencing any problems.

 

We’ll be glad to assist further if needed.

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