⭐ Using Quickbooks for Non-Profit Organizations ⭐

Quickbooks is one of the most widely used accounting software by businesses…. which includes nonprofit organizations.

In order to use Quickbooks for your non-profit, there are a few things you must understand as it should not be used as a regular for-profit business would use it.

Here are some things you need to know about QBO for non-profits:

 ✅Configure Quickbooks settings for Non-Profits - This will format your QBO account for non- profits and use non-profit verbiage.

 ✅Create Service Lines – Utilizing the Class feature in QBO will enable you to track your financials by service line.

✅ Donor Management – If you do not have a donor management software, you can use QBO as one by tracking each donation by date and donor, then when needed, run reports to view donor information.

 ✅Budgeting – Create and upload your budget and compare it to actual spending.  This will allow you to see what you’ve spent and what you have left to spend.

My hope is that you fully utilize Quickbooks for your nonprofit for your financial health needs. 🙂