Is there a nonprofit version of QuickBooks?

The desktop versions do have nonprofit editions: QuickBooks Premier 2021 (desktop, includes nonprofit edition, 1 user): $78 through TechSoup. QuickBooks Premier 2021 (desktop, includes nonprofit edition, 3 users): $168 through TechSoup.

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Which QuickBooks is best for nonprofit?

Which QuickBooks is best for nonprofits? The version of QuickBooks that is best for nonprofits is based on the size and needs of the organizations. QuickBooks Premier is suitable for small- to mid-sized nonprofits, while QuickBooks Enterprise supports up to 40 users and is a better choice for larger organizations.

How do I set up QuickBooks for a nonprofit?

Change your company type to nonprofit

Select Settings ⚙️, then Account and settings.
Select Advanced.
In Company type, select Edit ✏️.
Select the Tax form ▼ dropdown, then choose Nonprofit organization (Form 990).
Select Save, then Done.
Sign out and sign back in to see the changes reflected throughout QuickBooks.

Is QuickBooks good for small nonprofits?

Yes! QuickBooks offers discounted products for nonprofits through TechSoup, a nonprofit tech marketplace. We recommend that churches and other houses of worship use QuickBooks Online Plus or QuickBooks Advanced so they can get all the tools, tracking, and reporting features we offer.

Can I file a 990 through QuickBooks?

Additionally, filing Form 990 is currently unsupported in QuickBooks Desktop. If you think your organization/company qualifies to file it, I recommend working with an accountant or financial advisor to get more details about it.

Can QuickBooks do a 990?

How do I enter donations in QuickBooks nonprofit?

How to record donations for Nonprofits

Select + New, and then click Receive Payment.
Click the donor and update the payment date.
Select the Payment method ▼ dropdown, then choose how you receive the donation.
Choose the Deposit to ▼ dropdown, then choose where the donation is going.

Why does a nonprofit need a chart of accounts?

The main purpose of the chart of accounts for nonprofits is to categorize all of the financial transactions for your organization. This makes generating financial reports for nonprofits easier.

What is the difference between accounts and classes in QuickBooks?

Accounts mostly organize transactions into financial categories–income, expenses, payables, receivables, etc. –but classes let you organize transactions into any categories you want. You have full control over what those categories are.

How do you set up classes in QuickBooks?

Go to the Lists menu, then select Classes.
Select the plus + icon to create a new class.
Enter your preferred class name. Note: To create a subclass, select the checkbox and the class it’s under.
Select OK to create a class.

How do I record a donation received in QuickBooks?

First, record the donation.

Select + New. Then, select Pledge.
Select Customize, then choose your donation template.
Make sure to select the donor and the donation item you set up.
Select Save and close or Save and send if you want to email your donor a receipt of their pledge.

How do I categorize charitable contributions in QuickBooks?

Here the steps:

Go to Settings ⚙.
Select Chart of Accounts.
Select New.
In the Account dialog, select Expenses from the Account Type drop-down list.
Select Charitable Contributions from the Detail Type drop-down list.
Enter a Name for the account (for example, Charitable Contributions).
Select Save and Close.

Where do charitable contributions go in QuickBooks?

In the Account dialog, select Expenses from the Account Type dropdown list. Select Charitable Contributions from the Detail Type dropdown list. Enter a Name for the account (for example, Charitable Contributions). Select Save and Close.