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Yes, that's correct. You can run two separate reports for the Revenue by Donor Summary and Donor Contact List. Then, you can export them to Excel. After that, you add a column and utilize the VLOOKUP function of Microsoft Excel to combine specific information needed for your report.
In addition, you also filter your report to display the details that matter to you most. Check out this article for more insights: Customize reports in QuickBooks Online.
You're always welcome to reply if you need further assistance with reports. We're here to back you up.