Question

by John Carver
(Spring Hill, FL)

How is the best way to handle and record one time large gift. We need to separate it from our regular giving so it does not inflate our future budgeting.

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Aug 10, 2019

Depends on your Accounting Software
by: Vickey

If you are using QB or QBO....set up a new "Other Revenue" account and title it "restricted donations" or anything you want.

It will appear at the bottom of your Statement of Activity AFTER the NET OPERATING REVENUE.

You can also set up "Other Expenditure" for any expenses applied against it.

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Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.

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 =)

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