How to manage small donations to a small non-profit

Dale Alspach alspach at math.okstate.edu
Fri May 25 23:27:57 EDT 2007


You need an income account. Perhaps
Donations?

Are publicty, etc. actually sub accounts of savings or are these expenses?

A $100 donation would look like

Income
	Donations
		Credit $100

Assets
	General Fund
		Savings 
			Debit $100

Pay for a newspaper ad:

Assets
        General Fund
                Savings
			Credit $50

Expense
	Publicity
		Debit $50

General Rule: Money flows from credit to debit.

Dale Alspach


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