Limited time. 50% OFF QuickBooks for 3 months.

Buy now & save
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

Reply to message

View discussion in a popup

Replying to:
adowds
Level 1

Setting up a nonprofit

My nonprofit client wants to use QuickBooks to track four levels of revenue and expense: 

 

> Category - restricted vs. unrestricted (e.g., this is a GAAP requirement; grant revenue typically comes with expense restrictions; operating revenue typically doesn't)

> Source - by specific source of funds (e.g., by specific grant) vs. fundraising project (e.g., brownie sales)

> State - where applicable, the nonprofit wants to monitor profitability by fundraising event (e.g., how much revenue came from an event held in a particular state vs. the costs of hosting the event)

> Service - where applicable, the nonprofit wants to monitor profitability by type of service provided (e.g., they offer various levels of educational training: pre-K; K; G1)

 

Is this level of tracking/reporting possible using a combination of QuickBooks (nonprofit?) software's Customers, Jobs, Parent accounts, Classes, etc. features?

 

Ideally, the nonprofit wants to print/download their aggregate income statement by one or more of those four levels: category, source, state and service.

 

Thank you, Allan Dowds

 

Solved

Need to get in touch?

Contact us