Nonprofit companies are companies that are formed not to generate revenue, but to usually work for a cause. The QuickBooks chart of 
accounts will look a little different than that of a company that is working to make a profit.
The income accounts will vary based on what the non-profit company does. Some examples of famous nonprofit companies are:
- Red Cross
- Salvation Army
- YMCA
- Ford Foundation
- Ronald McDonald House
- ACLU
- NRA
These companies all have some way of taking in income, usually through donations or fund raisers. Income accounts should be created for the different ways that your nonprofit gets funding. Examples of income accounts would be:
- Direct Public Grants
- Direct Public Support
- Corporate Contributions
- Gifts in Kind
- Individual Business Contributions
- Indirect Public Support
- Investments
- Membership Dues
- Program Service Fees
Expenses for nonprofit industries should always be recorded because many of the expenses will be excellent deductions at the end of the year. Consider the kind of expenses that your company incurs. Things like legal fees, accounting fees, facilities and equipment, awards and grants, and donated equipment would all be examples of expense accounts.
Where Can I Find More QuickBooks Help?
If you are new to QuickBooks, read our blogs about changing preferences, adding new items, and generating reports.
If you need a QuickBooks refresher, read about how to create a new company, and how to edit your chart of accounts.
To learn about a chart of accounts for another industry, try our post on industry specific charts of accounts.
Download a free PDF on how to customize your QuickBooks file and accounts, please enter your name and e-mail below.
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I have noticed that over the course of developing a relationship with real
estate homeowners, you’ll be able to come to understand that, in most real estate deal, a fee is paid. In the long run, FSBO sellers do not “save” the fee. Rather, they fight to win the commission by way of doing a good agent’s
work. In this, they spend their money in addition to time to execute, as best they might, the tasks of an agent.
Those duties include getting known the home by way of marketing,
delivering the home to prospective buyers, developing a sense of buyer urgency in order to induce an
offer, arranging home inspections, controlling
qualification inspections with the loan company, supervising maintenance tasks, and
facilitating the closing of the deal.
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