I found this article https://quickbooks.intuit.com/ca/resources/nonprofit-management/customize-quickbooks-your-needs/
it reads that:
- From the drop down list for “company industry,” select “Nonprofit.”
- From the drop down list for “company type,” again select “Nonprofit.”
This action renames several of the basic menu items to better suit the bookkeeping and accounting functions for nonprofit organizations. For example, the menu item “customer” is renamed “donor;” the menu item “invoice” is renamed “pledge;” and the menu item “profit and loss” is replaced with “statement of activity.”
However even though we are classified as a non-profit (as listed above) our report options still show a "profit and Loss report with "total income" when it show show a "statement of activity" report with total revenue. Why is this & how can it be corrected?
