Learn how to account for restricted gifts and grants using QuickBooks Online
Join us as we visit Ocean Bird Rescue (a make-believe organization) where they must keep track of several restricted gifts and grants. We’ll demonstrate how they use QuickBooks Online for grant accounting, including…
- Grants where cash is received in installments over time
- Charging expenses to a grant, including payroll expenses
- Indirect costs allowed in a grant
- Reimbursement grants
- Matching grants
- Scholarships paid by a grant
- Capital purchases paid by a grant
- Grant income when a third party receives the funds and pays expenses on your behalf