How To Record Pass-Through Contributions in QuickBooks Online
Listen now
Description
Hello again everyone and welcome back to the podcast. Today's show is going to be a combination of this podcast and a YouTube video demonstrating what I'll be discussing today. The topic of discussion today is how to correctly record pass-through contributions in QuickBooks online. So what's a pass-through contribution? A pass-through contribution is a contribution made to one non-profit entity (referred to as the recipient), who then transfers the funds to a second non-profit organization called the beneficiary).  This type of transaction is referred to as an "agency" transaction. In some cases, a non-profit may collect funds from its members in an agreement to use the money collected to purchase a particular agreed-upon item So whether a non-profit receives a contribution that it intends to pass on to another organization or if it collects money from its members with the intention of purchasing an agreed-upon item, the way the transaction is recorded in QuickBooks under either scenario is the same.  My Youtube Channel My Website
More Episodes
1)     Hi everyone and welcome back. I know been a while but here I am 2)     On today's podcast I’m going to be going over the difference between rules and recurring transactions and when to use each one 3)     This episode is also going to part of a youtube video so if you are more of a...
Published 09/14/20