17 min
How To Record Pass-Through Contributions in QuickBooks Online QuickBooks Online and Accounting For Non-profit Bookkeepers
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- Careers
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
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
17 min