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D
DD_O
July 15, 2020
Question

Chart of accounts for nonprofit

  • July 15, 2020
  • 2 replies
  • 0 views

Hi there all you nonprofit QBO Plus users.... I am new to QB and have a question about the Chart of Accounts.  I understood that when you set the organization to nonprofit and the tax form to 990, that the Chart of Accounts would change to use terms like Income instead of Revenue for the Type.  Mine hasn't.

 

Suggestions?  Thanks.

2 replies

J
JamesDuanT
July 15, 2020

Let's get this sorted out, DD_O.

 

Yes, the changes on the Company type (Tax form and Industry) in the Account and Settings should also reflect on your Chart of Accounts and reports. Note that the changes will affect the system generated options, reports, or accounts.

You can use this link for reference: Configure an account for a nonprofit organization.

 

The effects are not instant as QuickBooks Online needs to refresh the interface. I'd recommend Signing out and signing back in to your account. Then, you can review the accounts and reports. We can also do browser troubleshooting steps if necessary.

  1. Open a private browser and log in to your account. It uses but doesn't store cache.
  2. If that works, we can go back to your regular browser and clear the cache.
  3. Other supported browsers are good alternatives, too. Each of them uses a different cache.

Aside from that, you can also edit the names on the Chart of Accounts manually. You can also use this article for additional information: Manage default and special accounts in your chart of accounts.

 

Let us know how this goes so we can also review it, too. We'll be right here to further assist you.

D
DD_OAuthor
July 21, 2020

Thanks for your reply.  It's the same whether I'm in Google Chrome, in Google Chrome on an incognito tab, or in Edge.

 

Using the Setting for nonprofit 990 tax form under Company Type, the Reports change to those of Nonprofits, but the Chart of Accounts still says Revenue and Expenditure for account type.  If I change the Company Type to Not sure/Other/None, then the Chart of Accounts changes to Income and Expenses but the Reports are not right for nonprofits.

 

In the sample Chart of Accounts QB provides to nonprofits for importing, the account types are set to Income and Expenses.  Can't I get that to be what's in QBO Plus when I set Company Type to Nonprofit Organization (Form 990)?

 

Is this a glitch? or am I misunderstanding something?

R
ReyJohn_D
July 21, 2020

Thanks for getting back to us and for following the steps given above, @DD_O.

 

You're correct. The account type in the Chart of Accounts will be Revenue and Expenditure after configuring the settings to non-profit. As of the moment, we're unable to change it to Income and Expenses. We can only manually edit their account names based on your business needs.

 

There are some labels that we cannot change at this time such as the Profit and Loss tile on your dashboard. More info about this can be found in this link.

 

Meanwhile, I recommend visiting our blog for the latest QuickBooks news and updates. All recent details are laid down there so you can check it from time to time. Here's a direct link to access it: https://quickbooks.intuit.com/blog/.

 

Also, after you configure your account, you may start tracking all donations to your organization to sort them in QuickBooks Online. Please refer to Steps 2 to 5 of this resource for the details on how: How to track donations.

 

Feel free to get back here in the Community if you need more help with managing your chart of accounts or other QuickBooks-related concerns. I'll take care of them for you. Stay safe and keep healthy.

D
dmbrooks
January 2, 2025

Is it necessary for the Non Profit to have the plus membership/subscription.  Will the Essentials do the same thing. They are brand new and trying to save funds as much as possible.

C
Chrea
January 2, 2025

@dmbrooks 

They may consider using an old QB Desktop Premier edition with a non subscription license.

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