Our non-profit just received a grant for $6,000. I want to set it up in QuickBooks so that in the end I get a report that shows the deposit amount of 6000 and all the related expenses, including the 6 weeks payroll for 1 employee. From doing it by hand, we have spent $5,916.00 and have $84.00 left. I want the report to show the starting 6000 and expenses of 5916 and balance remaining of 84.
What is the best way to do this? I have it all done on paper, but want to put it into QuickBooks.
Thanks
Many non-profits set up their grants as classes, then track expenses against that class, Easy to run a P&L by class, seems to work
Gary
I have tried setting up classes and when I enter a bill, I use the job class, but how do I account for the payroll expenses?
Is there another way of doing this?
Thanks
I'm not quite sure I understand you when you say "job class". You can assign any line item on a bill to a job, but that is not class. Class is turned on from preferences, accounting, Use Class Tracking. If you have done that, then go to payroll, and you will see an option to class track per entire paycheck or per payroll item.
Gary
Hi Gary,
Done as you mentioned, it works perfectly. I rechecked the class to see if it was checked and it wasn't. This way works perfect for what I need to track.
Thanks,
Glad it worked. Good luck
gary
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