How to manage small donations to a small non-profit
FamiliaFrazelle
frazelle09 at yahoo.com
Fri May 25 21:19:24 EDT 2007
Hi everyone!
We have set up several accounts for a small non-profit. People contribute
to the General Fund in cash. i'm at a loss as to how to show this... We
have an Asset account called Funds/General Fund but i don't know where to ?
debit this amount so as to achieve the double entry. i'm trying to wrap my
head around this thing and i know that one account must be a credit, while
another one is a debit, but which is which and what account am i missing?
By the way, once the cash comes in, we then deposit it to a savings account
(under sub-accounts, i.e. Building, Publicity, etc.)
Have a great afternoon! :)
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