- Michael Wright
Why is this so hard
Many nonprofit organizations use QuickBooks for their accounting software. While QuickBooks has some good features, there is one area where all the churches we work with have difficulty. ADDING A NEW FUND. The confusion comes from how QuickBooks is set up by default. The reports are named differently but not the chart of accounts.
If you are setting up a new fund you will follow the same steps, you would use for a new bank account. First you will go to the chart of accounts, second you will select the NEW tap (in the upper right-hand corner), Second you will select bank, you can then name the fund appropriately. After this you can use the fund register to record the contributions and expenses just like you would in any of the other bank account registers