by Shannon Jackson
(Paragould, AR)
Our largest donor recently submitted a single tithe check for the months of December, January and February combined. (He noted that on the check since he will be traveling during this time.)
Since we analyze our income vs expenses each calendar month (and year), this will have an undesired effect on our monthly financial statements (the month of December and the year of 2014 will be inflated while the months of January / February and the year of 2015 will be understated.)
Since this is only one check, I’ll have to deposit it all at the same time. Is there any way, using Quickbooks, to account for this properly in each month so that our financial statements are correct?
Thanks in advance for any guidance!
If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.
Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)