We can guide you through creating a single pledge in QuickBooks Online (QBO) that summarizes the total amount owed by the principal broker, Ceo19.
In QBO, we can create a single pledge that includes the total amount due and a detailed breakdown of individual agents and their respective amounts. While QBO is unable to support multiple names on one pledge directly, we can manually itemize the agents and amounts. Here's how:
- Click the New Plus icon and choose Pledge.
- In the Customer field, choose or enter the principal broker's name as the customer.
- For the Product/Service column, enter the description as "Agent fees". If you haven't add it, you can set up a new product and service items.
- Specify the amount owed for each agent per line item, and enter their names in the Description column.
- Total the amount to reflect what the principal broker owes.
- You can also enter the list of the individual agents along with their respective amounts in the Note to customer.
- Ensure all details are correct and press Save and close.
We can also use the Class tracking feature if you're using QBO Plus or the Advanced version. This allows you to assign the total to the principal broker but itemize it with classes representing each agent. You can check out this article about class tracking: Turn on class tracking in QuickBooks Online.
When running a non-profit organization, we can record and track your transactions as a sales receipt, bank deposit, or pledge depending on how you receive them. You can learn more about this through this article: Track funds you receive from donors in QuickBooks Online.
It is recommended to reconcile your accounts every month to make sure they match your real-life transactions. For the detailed steps, refer to this article: Reconcile an account in QuickBooks Online.
Please let me know if you need anything else or other concerns about managing pledges or QuickBooks-related concerns. Have a great day ahead.
