This is a very basic and probably dumb question: when I create and add an income account customer and enter a donation, why does the amount turn into a debit? Do I need to enter the amount elsewhere in my income and expense or balance sheet first?
Entering a nonprofit donation
Jan 12, 2008
1 Replies
How are you entering the donation? Is this cash received or an invoice to a customer?
If you are receiving cash using the Sales receipts screen the entry ends up as:
Debit Undeposited Funds or Cash $xxx Credit Donation Income $xxx
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