quickbooks online for nonprofits
Are you using a donor management system or a CRM that uses Stripe as the payment gateway? If you only record the net sales amount that shows up on the bank feeds, you are understating your revenue and expenses. In this tutorial, I walk through my process to record and reconcile Stripe transactions in QuickBooks Online.
Are confused by QuickBooks Online sales form labels for nonprofits? Are you looking to invoice your stakeholders (aka customers) in installments in QuickBooks Online? Are you confused by QuickBooks Online sales form labels for nonprofits?
I am answering this question and clarifying the confusion most nonprofit organizations have around the pledges vs. invoices labels in QuickBooks Online.
Reconciling your bank account in QuickBooks Online is one of the most important steps many users skip or wait until tax filing time to do.
Reconciling your books should be done on a monthly basis to help your organization catch fraudulent transactions, unauthorized bank fees, and verify your revenue and expenses.
Keep reading to learn how to reconcile your books in QuickBooks Online.
In QuickBooks Online, a statement is the status of a customer's account at a point in time. It is not a transaction. And, each line on a statement represents sales transaction such as credits invoices and anything that you have processed for that particular customer.
The downside of using statements in QuickBooks Online is that you cannot customize the layout and text that is on it like you could with a sales receipt or invoice. Keep reading to learn what app I recommend to create statements in QuickBooks Online.
Recording bank deposits when you have a mixture of restricted funds and unrestricted funds sitting in your undeposited fund account can be tricky.
If you don’t record the deposit correctly, you will often end up with the amount showing in the “Not Specified” column when you run a statement of financial position by location tracking report. Keep reading to learn how to record restricted and unrestricted bank deposits in QuickBooks Online.
Recording online donations transactions from payment processors like Stripe, PayPal, Vanco Payments Solutions and others is often the process I see many nonprofits neglect to record properly in QuickBooks Online.
In this tutorial, I will show you how to record your online donations from any merchant payment processor using a sales receipt in QuickBooks Online. Continue reading.
