Youtube Video https://youtu.be/XCS7Lk7Eots

https://nonprofitaccountingservice.com/ (404) 300-3175 desarie@andersonaccounting3.com 

Hi everyone and welcome to another demo video. 

In this video, I’m going to be demonstrating how to correct a donation that was entered on the deposit screen and therefore isn’t showing up on the sales by donor detail report

It’s important that the sales by donor detail report is accurate because this is the report that you use to create your quarterly and year-end donor acknowledgment letters. And as you know, donors want to be able to report 100% of their total donations.

I’m going to show you how to fix this issue based on 2 separate scenarios. In scenario one, the bank statement that shows the donations has not yet been reconciled therefore, the incorrect transaction can be deleted or voided.

In scenario two, the bank statement has been reconciled and therefore, you can’t void nor delete the transaction because you’ll be throwing your prior period reconciliation out of balance.

So let’s start with scenario one.

1)     Hi everyone and welcome back. I know been a while but here I am

2)     On today's podcast I’m going to be going over the difference between rules and recurring transactions and when to use each one

3)     This episode is also going to part of a youtube video so if you are more of a visual person, I suggest you follow me over to youtube by clicking this linkhttps://youtu.be/njAoT9_Tbj0 to watch the video, otherwise you can just listen to the demonstration here. 

Click the link below if your organization needs help with your QuickBooks online set up or any other accounting needs.

https://nonprofitaccountingservice.com/

https://youtu.be/njAoT9_Tbj0

Hello again everyone and welcome back to the podcast.

Today's show is going to be a combination of this podcast and a YouTube video demonstrating what I'll be discussing today.

The topic of discussion today is how to correctly record pass-through contributions in QuickBooks online.

So what's a pass-through contribution?

A pass-through contribution is a contribution made to one non-profit entity (referred to as the recipient), who then transfers the funds to a second non-profit organization called the beneficiary). 

This type of transaction is referred to as an "agency" transaction.

In some cases, a non-profit may collect funds from its members in an agreement to use the money collected to purchase a particular agreed-upon item

So whether a non-profit receives a contribution that it intends to pass on to another organization or if it collects money from its members with the intention of purchasing an agreed-upon item, the way the transaction is recorded in QuickBooks under either scenario is the same. 

My Youtube Channel

My Website