Created with Sketch.Learn about PPP and Loan Forgiveness, stay informed with the latest changes.
Created with Sketch.Need help with 1099's or other Year End topics? Visit our Year End Resources page.
Created with Sketch.New to QuickBooks or using a new product? Visit our Get Started resource page to help you get going.
Created with Sketch.Need to make changes to your account? Visit the Account Manager Portal.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 2

fundraising how to in QuickBooks

I have been looking for 3 days now and have not be able to find the answer I am looking for.

 

I am making shirts for a church and handling everything from design to delivery.  and the Church gets a % of each sale.   IE the get 8 dollars from each shirt sale.  How to I record this correctly in QB so it does not show I profit 10.00 per item when I only make 2?

Solved
Best answer September 30, 2020

Best Answers
QuickBooks Team

fundraising how to in QuickBooks

Welcome to the Community space, @B Durden.

 

You can treat the Church as a vendor to record the transaction. Once done a create sales receipts for the customer who buys the T-shirt. I'll show you how:

 

  1. From the Customers menu, choose Enter Sales Receipts.
  2. Select the correct customer from the Customer):Job drop-down menu.
  3. In the Amount column input 10$ then enter all the items that need to be in these transactions.
  4. Click Save & Close.

Joesem Molat1.JPG

Then, you can now write a check or enter a bill ($8) to your vendor (church) to see that you've sent the money.

 

To write a check:

  1. From the Banking menu, select Write Checks.
  2. Enter the required fields.
  3. Click Save and close when you're done.

Joesem Molat1.JPG

To enter Bill:

  1. Go to the Vendors tab on the toolbar.
  2. Select Enter Bills.
  3. Enter the name of the vendor and the necessary details.
  4. Verify and then click Save & Close.

Joesem Molat1.JPG

Once done, you can pull up the Profit and Loss report. This way, you'll see the new income which is $2. Just go to the Reports menu and select Company and Financial then choose Profit and Loss.

 

For more insights about managing your transactions, you can read through these articles:

 

Please leave a comment below if you have any other issues or concerns. I'm always here to help. Have a great day!

 

View solution in original post

1 Comment
QuickBooks Team

fundraising how to in QuickBooks

Welcome to the Community space, @B Durden.

 

You can treat the Church as a vendor to record the transaction. Once done a create sales receipts for the customer who buys the T-shirt. I'll show you how:

 

  1. From the Customers menu, choose Enter Sales Receipts.
  2. Select the correct customer from the Customer):Job drop-down menu.
  3. In the Amount column input 10$ then enter all the items that need to be in these transactions.
  4. Click Save & Close.

Joesem Molat1.JPG

Then, you can now write a check or enter a bill ($8) to your vendor (church) to see that you've sent the money.

 

To write a check:

  1. From the Banking menu, select Write Checks.
  2. Enter the required fields.
  3. Click Save and close when you're done.

Joesem Molat1.JPG

To enter Bill:

  1. Go to the Vendors tab on the toolbar.
  2. Select Enter Bills.
  3. Enter the name of the vendor and the necessary details.
  4. Verify and then click Save & Close.

Joesem Molat1.JPG

Once done, you can pull up the Profit and Loss report. This way, you'll see the new income which is $2. Just go to the Reports menu and select Company and Financial then choose Profit and Loss.

 

For more insights about managing your transactions, you can read through these articles:

 

Please leave a comment below if you have any other issues or concerns. I'm always here to help. Have a great day!

 

View solution in original post

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us