by Kathy
(Massachusetts)
We use QuickBooks Online for the Operating Account in my church of about 100 members.
I am the treasurer, and have a question about tracking pledges.
Our next church fiscal year goes from July 1, 2011 to June 30, 2012.
Our Stewardship Campaign for this next fiscal year starts later this month. Many people pledge and make out a check right then, which is deposited into the bank THIS fiscal year.
For example, their pledge is for $1,000. They write out a check for $500, which is deposited this FY, and start paying down the next $500 after July of 2011.
My question is: how do I track payments of a pledge during two fiscal years?
We do not have any financial oriented members to help me with this, nor do we have funds to seek the advice of a CPA, so I am on my own with this. Any suggestions as to how to track this in QuickBooks would be much appreciated.
Thank you!
Kathy
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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 =)