Accounting for Restricted Gifts and Grants

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