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cfcglobalbohol25
Level 1

I want now to start my recording for the cash receipts from tithes. alin ba ditio sa dashboard ang open ko? pls assist?

 
2 Comments 2
BettyJaneB
QuickBooks Team

I want now to start my recording for the cash receipts from tithes. alin ba ditio sa dashboard ang open ko? pls assist?

Glad to have you back here in the Community, @cfcglobalbohol25.

 

I'm here to guide you in recording the cash receipts that you received from tithes. 

 

You'll need to create a revenue account for the donations, so the amount will be deposited in this account. After that, add the donor to identify where the fund is coming from, then make an item specific for tithe.

 

Before doing this, make sure that your account is set up as a non-profit organization, so the option to add donors and track donations will be available. 

 

Once confirmed, you can now start creating the account. Here's how:

  1. Click on the Gear icon at the top. 
  2. Hit on Chart of Accounts.
  3. Select New to create a new account.
  4. In the Account Type ▼ drop-down menu choose an account type.
  5. In the Detail Type ▼ drop-down, make sure to select Non-Profit Revenue as the detail type.
  6. Give your new account a name. You can call this account “Fund donations.”
  7. Choose when you want to start tracking your finances from the ▼ drop-down. 
  8. When you're done, press Save and Close

If you're done, you can now add the donor and the item. 

 

To do that:

  1. On the left panel tick on Sales.
  2. Press the Donors tab.
  3. Click the New donor button.
  4. Enter the donor's information.
  5. Select on Save.

Here's how to make an item:

  1. Click the Gear icon located in the upper right-hand corner.
  2. Under List, click Products and Services.
  3. Press the New button, and select the Type.
  4. Enter the information.
  5. Tick on Save and Close.

Right after, you may now record the cash receipts. This can be done in three different ways, as a pledge, sales receipt, and bank deposit. You can check out this link for the steps on how you can record the transaction depending on the rule of your organization: Track funds you receive from donors in QuickBooks Online.

 

In case you need to track in-kind donation and create statements for donors on your future transactions, I've got here some resources that you can visit guide you with the process:

Know that you can always count on me if you have any other concerns. I'll be right here to address them for you. Have a good one!

 

 

 

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Lab2
Level 1

I want now to start my recording for the cash receipts from tithes. alin ba ditio sa dashboard ang open ko? pls assist?

BettyJaneB thank you.