Learn how to use Quickbooks Online the right way for grant management. Streamline your grant management process with this tutorial.
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Discover the power of the Profit and Loss report filtered by customer to effortlessly monitor grant income and expenses using QuickBooks Online for nonprofits. Learn the importance of accurately categorizing transactions by customer, offering a simplified yet effective approach to grant fund tracking. These are essential nonprofit accounting basics that will help you in the grant management process. Explore the versatility of QuickBooks Online's Projects feature in the second method, providing a robust solution for grant management software. By the end of this video, you'll learn practical tips on crafting and managing grant budgets, empowering your organization with optimal financial management and decisionmaking capabilities. This is crucial for managing grant funds for your nonprofit.
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00:00 Introduction
00:35 Tracking Grants using P&L Report
02:20 Tracking Grants using Projects
09:16 Tracking Grants using Budgets