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January 17, 2022
Question

When i manually book a pymt received via bank QBO aut. debits Bank acc and credits AR. but i am a NGO

  • January 17, 2022
  • 1 reply
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1 reply

January 17, 2022

Welcome to the Community, @celinecey-yahoo-. I’ll share with you some ideas about payments in QuickBooks Online (QBO).

 

QuickBooks Online normally calculates payments in that way.

 

You can also check if your company type is set to nonprofit organization.

 

Here’s how:

 

  1. Go to the Gear icon and select Account and Settings.
  2. Select Company tab, and look for the Company type.
  3. Click the dropdown arrow in Tax form and select Nonprofit organization (Form 990).
  4. Click Save and Done.

 

 

For future reference, you can check out this article to track funds you receive from donors in QuickBooks Online.

 

Feel free to leave a comment below if you need further assistance with payments. Hoping your business will prosper. Stay safe!