Entering a nonprofit donation


L

lprubel

This is a very basic and probably dumb question: when I create and add
an income account customer and enter a donation, why does the amount
turn into a debit? Do I need to enter the amount elsewhere in my
income and expense or balance sheet first?
 
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L

Laura

This is a very basic and probably dumb question: when I create and add
an income account customer and enter a donation, why does the amount
turn into a debit? Do I need to enter the amount elsewhere in my
income and expense or balance sheet first?
How are you entering the donation? Is this cash received or an invoice to a
customer?

If you are receiving cash using the Sales receipts screen the entry ends up
as:

Debit Undeposited Funds or Cash $xxx
Credit Donation Income $xxx
 

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