Can we change account type to NGO? We need to add donations and we don't see anything in the menus to do that. Thanks for help

I understand that managing the financial aspects of NGOs is crucial, particularly when it comes to tracking donations accurately. I'll share some valuable tips to help handle them.

QuickBooks Online provides a set of predefined account types that cover a wide range of common accounting needs. When setting up the Chart of Accounts, you can choose from various default categories to classify your transactions and provide structure to your financial records. 

Note that the option to edit them or add a new one is currently unavailable. However, we can still track donations using the available account types. 

Usually, when you receive in-kind contributions such as services or assets, you can use Income for the account type. Then, set Non-Profit Income as the detail type. On the other hand, if you're the one donating, utilize Expenses and then choose Charitable contribution from the drop-down menu. 

To ensure compliance, I encourage consulting your accountant. They can offer expert advice based on your organization's unique circumstances, goals, and industry requirements.

For more tips in tracking the items you received or giving away, feel free to read these articles:

• Set up in-kind donations
• Enter donated inventory

Please don't hesitate to reach out if you need additional assistance in accomplishing your other pending tasks. We're here to support you on your QuickBooks journey. Have a great rest of the weekend!