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I'm trying to set up classes to track functional expenses (program, management/general, fundraising). Currently I have donations received from a specific fundraising event in a sub-class under Fundraising, and donations received for a particular program in a sub-class under Program. How do I class donations that aren't specified for a particular program?
Ex:
1. Program
1.1 Support Groups
1.2 Conferences
2. Management/General
3. Fundraising
3.1 Ice Cream Social
3.2 Trivia Night
Solved! Go to Solution.
Hello there, TPUtreasurer.
I'd be happy to share some information about tracking donations using classes in QuickBooks Online (QBO).
You can either leave donations as unclassified or create another class to track them. Unclassified donations will reflect as unspecified on your reports. If you choose to create another class for it, you can follow the steps below:
To know more about this, here's an article for you: How to record donations or charitable contributions.
Let me know if you have any other questions about this. I'll be keeping an eye out for your response and look forward to getting to the bottom of this
Hello there, TPUtreasurer.
I'd be happy to share some information about tracking donations using classes in QuickBooks Online (QBO).
You can either leave donations as unclassified or create another class to track them. Unclassified donations will reflect as unspecified on your reports. If you choose to create another class for it, you can follow the steps below:
To know more about this, here's an article for you: How to record donations or charitable contributions.
Let me know if you have any other questions about this. I'll be keeping an eye out for your response and look forward to getting to the bottom of this
I have the same question. The link to more information that you posted is for for-profits making donations to non-profits. Not for non-profits booking their donations.
You're correct. The article is for profits booking a donation, bmillerTFK.
There are three ways on how to record the donation you've received for non-profit. You can either create an invoice, sales receipt, or bank deposit.
You can follow these steps to record it as a Sales Receipt:
If you want to modify the donation template, you can check this article to guide you: How to record donations received.
Please know that you always have my back if anything arises.
Hi @Adrian_A I'm afraid that you haven't answered the original question, which I share, and is about the CLASS for donations. The article that you linked How to record donations or charitable contributions. was off-target as mentioned above. This means that the original question has still not been addressed. Can you shed some light on the Class for donations--or is it unnecessary to add a Class to donations? I'm trying to read between the lines of your initial response, and maybe that is what you are implying. Will you please state plainly if donations should or should not be put into a Class?
Hello there, @TomG92.
I understand that putting your received donations to a class is essential to your business.
Using classes for your transactions to a specific program or department gives you a clear picture of each segment’s financial health. So, it's up to you if you want to class your received donations. Also, you can leave your donations as unclassified or create another class to track them since unclassified donations will reflect as unspecified on your reports.
Moreover, I'm adding this article as your reference in running reports in QBO: Run reports in QuickBooks Online.
Return to this post if you have other concerns about tracking classes in QuickBooks Online. I'll be here to lend a hand.
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