quickbooks premier nonprofit edition 2015

Tracking volunteers for nonprofit organizations is also important for nonprofits, which rely heavily on this extra help. You can print reports, labels, and summary statements by customer type. For example, you might want to track type of contributor or member (sponsor, donor, patron, or subscriber) location of contributor or member industry represented by donor or member or type of services provided to clients.

Nonprofit organizations may find it useful to track and report members, donors and clients by type. Make sure to keep up-to-date address information so you can easily generate letters and track important information for donors. You can add custom fields in the “Additional Info” tab to track meaningful data. –Enter the organization’s members, donors, and clients in the “Customer: Job List” field so you can keep track of their information. Tracking nonprofit information in QuickBooks By reworking some of the names in QuickBooks, nonprofits can use the standard QuickBooks Pro without having to spend extra for the official nonprofit edition. For example, the “Biggest Donors” label in QuickBooks Nonprofit is the same as “Sales by Customer” in QuickBooks Pro. When it comes time to run reports, the standard QuickBooks reporting function creates the same reports as the QuickBooks Nonprofit edition, with the only difference being the labels.

Likewise, the “Create Invoice” field can be replaced with “Enter Pledges” to meet the nonprofit’s needs. For example, a label called “Create a Sales Receipt” in QuickBooks Pro is the equivalent of the “Enter Donations” label in QuickBooks Nonprofit. The good news is, there is another option: You can customize the set-up of the traditional versions of QuickBooks – including QuickBooks Online – to meet the needs of a nonprofit organization.įor starters, nonprofit organizations can rename QuickBooks labels to reflect their terminology. However, QuickBooks can be a valuable tool for both types of organizations.Īlthough QuickBooks does offer the Premier Nonprofit edition that incorporates nonprofit-specific language and features, it does cost more than the standard version. Nonprofits focus on generating funding while for-profits focus on sales and increasing the bottom line. Nonprofit organizations have different tax reporting and financial reporting requirements than traditional for-profit businesses and different accounting needs.

Quickbooks premier nonprofit edition 2015