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Replying to:
jamespaul
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Hello, SusCSRA.

 

Recording and tracking the donations you receive depends on what kind of donation it is. I'll show a detailed guide on how to do this in QuickBooks Mac. 

 

First, we would need to create an account to track your donation. Though, we may need to create multiple accounts to properly categorize and track different kinds of donations. I would recommend consulting an account regarding this.

 

With that said, here's how to create the account: 

 

  1. Go to Lists, then select Chart of Accounts
  2. Click the + button at the bottom of the window. 
  3. Set the Type to Income
  4. Enter a name like "Donation" or similar.
  5. Hit OK

 

Next, we'll want to map the account to a product or a service item so we can attach it to the transaction forms. Here's how to create it: 

 

  1. Go to Lists again, then select Items
  2. Click the + button.
  3. Select Service as the type. 
  4. For the account , use the donations account you created.
  5. Hit OK.

 

Now, this is where we'll decide what to do to record the donations. 

 

If you've received a pledge, we can use an invoice form to record it. Simply go to the Customers menu, then select Create Invoice. If the donations are received on the spot, simply use the Enter Sales Receipt function instead. 

 

Make sure to use the service item where you mapped the account to track the donations. 

 

I should also mention that in-kind donations have a different way of recording in QuickBooks. For the account, we may need to seek an accountant's advice to help us determine what accounts to use and the item's market value. They can also help us with the proper procedures on recording this. 

 

If you need to see the donations or pledges from transactions, we can run reports to do this. I'll share a guide to help you with the process: Create reports in QuickBooks Desktop for Mac

 

Let me know if you have more questions about recording your donation entries in QuickBooks. If you do have concerns with other areas in the program, feel free to add the details to your reply. I'm here to help. 

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