FormerMember

Setting up new computerized accounting for a not-for-profit.

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Posted By FormerMember

I am currently using a manual system of bookkeeping and I want to set up the bookkeeping on Sage 50. I'm trying the 30 day trial to start. We have one business number and one bank account. We are currently fundraising and taking donations for a major addition to our building. We have another bank account set up attached to the main one we call FCMH account for deferred  donations and fundraising profits for the new building addition project. Fundraising expenses for the project also come from the FCMH account. How can I create one company in Sage 50 while recording income and expenses for the project separate and showing as deferred funds rather than revenue? I hope someone can help!