Are You Tracking Restricted Donations Correctly?
Restricted gifts are a tremendous blessing.
They also come with responsibility.
When a donor gives toward a specific purpose—whether it's a building project, scholarships, or a new playground—leadership should be able to answer one simple question:
"How much of that gift is still available?"
One way we help schools answer that question is by using Classes in QuickBooks Online.
Instead of creating dozens of extra accounts, Classes can help track both the donations received and the expenses paid for a specific purpose.
Your financial statements stay clean.
Your reporting becomes much more meaningful.
And when a donor asks how their gift was used...
You can answer with confidence.
Something to think about:
Could you quickly tell a donor how much remains from their restricted gift?
If not, let's talk.