How to Enter Donations in QuickBooks for Nonprofits
With that in mind, I don't know if I need to enter Sales Receipts or Invoices. I have no idea how to deposit donations into our physical bank account, and then enter into QuickBooks. I have been studying and trying to learn so much in such a short amount of time, I am thoroughly confused. Furthermore, trying to "bend" QBOE to work for nonprofits is a challenge in and of itself. Intuit sold us the monthly service package, and said that it will work with nonprofits just fine. What they didn't tell us is that we need someone who really knows what they are doing.
Hopefully this email won't scare you away from wanting to help us. Our books aren't that complicated, meaning we do not have a ton of entries. But, I’m afraid the one's we do have are completely wrong in terms of accounts/classes. Especially after I adapted the Chart of Accounts over to UCOA.
Unrestricted
G&A
Fundraising
Programs
Program 1
Program 2
Temporarily restricted
Designated donations
Grants
Grant 1
Grant 2
Permanently restricted
Endowments
Endowment 1
Endowment 2
You use sales receipts for donations and invoices for pledges. Make sure to use undeposited funds and go to Banking > Make Deposit to group your payments so they match the actual bank deposit you’re making. The steps for pledges are Customers > Create Invoices, Customers > Receive Payments, Banking > Make Deposits. The steps for donations are Customers > Enter Sales Receipts, Banking > Make Deposits.
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Written by +Ruth Perryman, CMA, CFE, CFM, MBA





Ruth is the president of The QB Specialists, Inc. and 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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