Hi QB Experts,
Thanks for entertaining my question.
We have a non-profit and just set up quickbooks to record our transactions.
We receive donations which are usually designated for particular projects. A portion (5%) of each donation is assigned to our operating fund while the remaining 95% is assigned to the designated project.
How do I show 1) the total donation; 2) the 5% skimmed as an expense to the project; and 3) the 5% shown as income in the operating fund?
thank you.
BPE bookkeeper