[GNC] Help With Configuring US Tax Report Options For Income Returns & Allowances

[Adam H. Kerman]

10:51am -0000 10/24/25 Alex Aycinena <alex.aycinena at gmail.com> wrote:

>It is not a bug and can't easily be changed due the way the TXF output
>expects things.

>You could 'trick' the system by setting up two 'dummy' off-setting expense
>accounts in addition to the contra-income account. . . . 

I've been using QuickBooks Desktop 2016 Nonprofit Industry Edition (which is 
simply regular QuickBooks with various accounts renamed). It's got quirks 
when using it for nonprofit bookkeeping.

There's a line on the tax return that aggregates donations and another line 
in which one must aggregate a subcategory of donations, but no tax line to 
report the portion not in the subcategory. If an account and subaccount are 
created to be mapped to the tax lines, then there's double counting of the 
donations in the subcategory. A contra account is required, not mapped.

That means donations applicable to the subaccount are aggregated in three 
diffeent accounts.

Technically, QuickBooks Desktop has no concept of contra accounts, so 
negative numbers are entered instead.

You think expensive paid software like QuickBooks gets everything right?

Think again.