Even though a dedicated QuickBooks Online For Nonprofits exists (QuickBooks most efficient NonProfit), trendy versions of QuickBooks may be adapted for use using nonprofit groups. You may just want to understand how to translate traditional enterprise language and ideas into nonprofit ideas. 

As an example, entering pledges inside the nonprofit world equates to "Create income Receipts" in QuickBooks language, entering donations is akin to the "employer" and "making plans" menus, and seller kinds in QuickBooks can be used to music volunteers (see sources). 

QuickBooks does have its boundaries when it comes to developing a divisible Chart of debts, setting up automatic allocations into unique programs, reporting, fund accounting, and guide for some of the finer nuances of nonprofit accounting. 

No matter these annoyances, the mild value and simplicity of use keep making QuickBooks an effective accounting package for nonprofits.

Set up a Nonprofit enterprise the usage of specific begin

1. Open QuickBooks.

2. Click on the "New employer" icon or visit "record" after which "New organization." This starts the setup wizard.

3. Input the business enterprise name and company tax identity in the precise boxes. Pick out "Non-earnings" from the drop-down list for "organization enterprise" and "Non-earnings" from the drop-down for "corporation type" QuickBooks Online For Nonprofits.

4. Enter the touch cope with, city, country, ZIP code, phone, email, and website statistics on the touch statistics web page. Click "preserve."

5. Click on "Preview Your Settings" to study the default capabilities, Charts of money owed, and record place statistics. Click on "ok" to go back to the conversation and click "Create agency document" to continue.

6. Click the "Add" button if you wish to set up customers and companies, financial institution bills, or hyperlink to merchandise. Otherwise, click on the "start running" button to start getting into transactions.

Read more: Problems signing in to QuickBooks Online? 

Set up a brand new Nonprofit enterprise using the clean Interview

1. Open QuickBooks.

2. Click on "record" and then "New organization" in QuickBooks. Whilst the wizard begins, pick "superior setup."

3. Enter the corporation name, cope with, touch records and tax identity in the suitable boxes, and click "subsequent" whilst you are finished. The only information required is the agency name, but whole the closing fields so the fields appear on any paperwork you would like to print.

4. Pick out "Non-earnings" from "corporation industry" and "How is your business enterprise organized?" dialog home windows after which click "subsequent" to maintain the interview.

5. Select a month for the "My financial yr starts in" container from the drop-down list and click "subsequent."

6. Enter an administrative password to shield the agency report and click on "next." The password you input is case-touchy. Click on "Next" again to shop the enterprise document. The document saves as the organization name. In case you want to trade the default location and name, make your modifications in the "shop in" field and click "next."

7. Choose "sure" or "No" to the questions asking whether or not you intend to promote products, services, or each. Click on "subsequent."

8. Test "No" to the conversation asking whether you'll rate income tax and click on "next" to maintain. The default for a nonprofit setup is "No."

9. Take a look at "No" to developing estimates and click "next." "No" is the default value for the nonprofit organization kind.

10.Test "sure" to the customer order tracking dialog window and click "subsequent." you can use these sales orders to song contributions acquired from donors.

11.Test "sure" to the use of billing statements and click on "next."

12.Take a look at "sure" to the use of progress invoicing and click on "subsequent." Invoicing can be used to sing the number of contributions pledged but no longer received from donors or funding assets.

13.Select "sure" to dealing with and tracking payments owed to carriers and click on "next."

14.Click both "sure" or "No" in the dialog packing containers that decide whether or not your organization participates in inventory monitoring, challenge planning, or can pay employees. Determine whether you'll pay employees as 1099 contractors or as salary personnel and click "next."

15.Create your Chart of debts. Pick out the date to start tracking your transactions and click on "subsequent." you may go back and edit your Chart of debts at any time via going to the "listing" menu and selecting "Chart of accounts."

16.Select the date you wish to start tracking transactions or choose the start of the 12 months. Assessment of the list of income and expense money owed created from the interview. Check any additional items you would love to add and then click on "subsequent" to continue.

17.Click "visit Setup" and "begin running" if you want to start getting into transactions without setting up providers, products, or bank money owed. Otherwise, click the "upload" button for every category to feature these objects.

18.Go to the "Edit" menu and choose "alternatives." click on "Accounting" on the navigation pane and go to the "corporation options" tab. Take a look at the packing containers for “Use account numbers" and "Use magnificence monitoring."

19.Visit "reports and Graphs," then "My possibilities" and check "Refresh robotically."

20.Click "Tax: 1099" and the "business enterprise possibilities" tab. Check "sure" to "Do you record 1099-MISC forms."