Finishing up my 30-day free trial of QuickBooks Online. This is the last tip I wanted to throw out. If you’re not using Sub-Accounts in QuickBooks, your reporting is lacking. The only way I know how to get robust reporting for a church is to use Sub-Accounts. Sub-Accounts let you better organize your accounts. They let you show detailed or summarized reports. They let you easily setup custom reports for specific ministries.
Check out the video below:
- Chart of Accounts that can be imported into QuickBooks: https://www.dropbox.com/s/iqx9iiyw6o3r43y/QuickBooks_Online_COA_Sample_File.xls?dl=0
- Detailed Profit & Loss: https://www.dropbox.com/s/f2342ff0ry0lc9p/Detailed%20PnL.xlsx?dl=0
- Summary Profit & Loss: https://www.dropbox.com/s/sdbyhy0qvnigkb7/Summary%20PnL.xlsx?dl=0
- In Between Profit & Loss: https://www.dropbox.com/s/ubak2q9wbatqfwm/StatementofActivity.pdf?dl=0