Skip to main content
March 25, 2025
Question

How can a nonprofit record memberships paid by customers and attribute the income to a grant saved as a project?

  • March 25, 2025
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

March 25, 2025

You can record your nonprofit income by creating a Sales receipt or an Invoice, Stacy. Allow me to provide the steps below.

 

Before generating a sales receipt or invoice, establish a service linked to an income account specifically for tracking membership payments.

 

Here's how:

 

  1. Go to the Gear icon, then select Products and services
  2. Click the New button and select Services.
  3. Enter the name of the service. Then, assign which income account you want to attach to.
  4. Once done, click Save and close.

 

After that, proceed to create a sales receipt or invoice.

 

Here's how:

 

  1. Go to the +New icon and select either Invoice or Sales Receipt.
  2. Enter the name of the customer.
  3. Enter the service you've created earlier.
  4. Make sure to assign the project correctly to ensure it is accurately recorded.

 

If you decide to create an invoice, ensure that you process the payment, so it reflects on your account.

 

Lastly, record the income to reflect in your account as a bank deposit.

 

Furthermore, refer to this article for guidance in depositing your funds in QBO.

 

Enhance your financial trajectory by working with our QuickBooks Live Expert team. These financial maestros streamline your processes and provide bespoke advice to meet your business's unique needs. Click now to embark on a new era of financial clarity and success.
 

Additionally, you can set up and use location tracking in QBO to improve your financial management. For detailed guidance refer to this article: Record and make bank deposits in QBO.

 

Following these steps will help you record your nonprofit income payments in QuickBooks Online. If you have any further concerns about managing your finances, please feel free to reply. We are here to help you.

stacy57Author
March 26, 2025

if I create a sales receipt, I choose Sally Jones as the customer, but I'm order to assign the receipt to a project, I need another customer field to select the name of the project from. I believe my only option is to assign a class, not a project, unless I'm mistaken.