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steelem
January 13, 2024
Question

income account

  • January 13, 2024
  • 1 reply
  • 0 views

I want to set up the correct  income and expense accounts for a non-profit organization - using Quickbooks Desktop Premier. We host a number of events including a trade show, golf tournament and member meetings.

It was suggested to me to use type "service" and "miscellaneous revenue" . Looking for suggestions on the income and expenses.

1 reply

A
Alex M
January 15, 2024

Hi there steelem,

 

Thanks for reaching out about adding accounts. QuickBooks Desktop is a great tool able to help you keep track of income and expenses so you know the financials of your business. I can point you in the right direction to know how you should be keeping track of those income and expenses.

 

To know how you should be setting up your accounts for income and expenses so that your books can be well balanced, I recommend speaking to your accountant. Their expertise will be able to best assist in setting up your chart of accounts so that all your income and expenses can be classified correctly. You can find an accountant near you that has experience using QuickBooks software by going to our Find an Accountant page.

 

If you have any other questions, feel free to reach out here.

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