Quickbooks for Churches and NonProfits
(Geographical Center of North America - Rugby, ND, USA)
I'm curious about using the Quickbooks setup with equity accounts. I have a number of funds - church, school, capital campaign, youth group - for starters.
Church, capital campaign, and youth group use the same checkbook, school has separate one. I want to track church and school by income and expense categories - payroll, utilities, donations, investment income. I want to track captial campaign income by categories, but expenses by project - roof, carpeting.
Youth group income and expenses both get tracked by project.
I don't understand the relationship between the cash, equity, income, and expense accounts as outlined in your "Fund Accounting" publication.
Is it possible to use Quickbooks in this way, or am I simply asking to much of a non-fund-accounting package?
I love the Quickbooks reports, data entry process, and drill down ability, but the COA just doesn't seem a good fit. Is Quickbooks Non-Profit any more fund-accounting friendly?
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