Entering a nonprofit donation

QuickBooks Discussion board - Discussions about the popular financial software by Intuit 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date Entering a nonprofit donation lprubel 01-12-2008  Re: Entering a nonprofit donation Laura 01-12-2008
Posted by lprubel on January 12, 2008, 11:23 am Please log in for more thread options This is a very basic and probably dumb question: when I create and add an income account customer and enter a donation, why does the amount turn into a debit? Do I need to enter the amount elsewhere in my income and expense or balance sheet first? Posted by Laura on January 12, 2008, 3:17 pm Please log in for more thread options > This is a very basic and probably dumb question: when I create and add > an income account customer and enter a donation, why does the amount > turn into a debit? Do I need to enter the amount elsewhere in my > income and expense or balance sheet first? How are you entering the donation? Is this cash received or an invoice to a customer? If you are receiving cash using the Sales receipts screen the entry ends up as: Debit Undeposited Funds or Cash $xxx Credit Donation Income $xxx Similar Threads Posted Political Donation Question October 10, 2008, 7:07 pm Entering just a VAT invoice August 26, 2006, 1:41 pm Entering Depreciation February 15, 2008, 3:54 pm entering a loss of income November 24, 2007, 9:08 pm entering manufactured items January 16, 2008, 3:37 pm Entering a vendor refund May 28, 2008, 9:09 pm Entering Payables Question June 3, 2009, 1:33 pm Re: Entering in Fixed Asset? Accounting Books? June 26, 2006, 11:13 pm entering discounts AND DISCOUNTED TOTALS on invoices June 5, 2008, 8:52 am UNderstanding receiving and entering bill for inventory February 4, 2009, 6:46 pm