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How to Add Payroll Items to Estimates in QuickBooks
Published 05/16/2012 | 
I read Ruth’s post at the Intuit Community with her recommendations for tracking cost-reimbursement grants for nonprofits. See recommended creating Estimates with QuickBooks items corresponding to each budgeted item per the grant award. Later, when expenses are incurred, they are to be recorded as items.
I have begun implementing this strategy but had a question when it comes to grants that reimburse salary. QuickBooks does not allow entering a payroll item on an Estimate. Because of this, how can a salary budget item be tracked – both on the Estimate and when billing?
Thanks.
Here’s my blog post about how to do it:
How to Setup Payroll for Job Costing in QuickBooks for Contractors
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.
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How to Track How Many Tickets Sold in QuickBooks
Published 05/15/2012 | Thanks.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.
QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise
How to Track Designated Donations in QuickBooks
Published 05/14/2012 | I volunteer at a small nonprofit. We raised $10,000 at a fundraiser, and we want distribute a portion of it according to our mission, and hold a portion as seed money for the next fundraiser as well as operating expenses (a few hundred dollars per year). I am thinking we should have a general operating account and another Temporarily Restricted account, and move mission-related distributions through that account with careful documentation of conditions and restrictions, and with every distribution from that account supported by a vote. Or am I over-complicating it? We won’t have more than 5 or 6 distributions per year.
Thanks much for your help.
If the donations are for a specific purpose, you can’t use them for any other purpose (including fundraising or operating expenses) and you must place them in the temporarily restricted fund until they’re spent for the purpose they were donated for.
If the donations aren’t for a specific purpose, they should be placed in the unrestricted fund. If you like, you can create a sub-class called something like “designated funds” but they are still unrestricted and can be spent on anything unless they were donated for a specific purpose. In other words, only the donor can place the restrictions. Boards can designate funds but future boards can change their mind about the designation.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.
QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise
News Flash – QuickBooks Payroll Scheduled Maintenance Alert
Published 05/13/2012 |
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Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.
QuickBooks price list | Buy QuickBookse | Free trial of QuickBooks POS | Free trial of QuickBooks Enterprise