QuickBooks Online Setup for Nonprofits

Company Type

1. Open Settings and select Account and Settings

2. Scroll down to the Legal info section

3. Select the Business Type dropdown, then choose Nonprofit organization (Form 990)

4. Click Save

Change “Customers” to “Donors”

1. Open Settings and select Account and Settings

2. Click Advanced

3. Scroll to the Other preferences section, click Edit

4. Click the Customer label dropdown, select Donors

5. Click Save

6. Click Done

Follow the configuration described above, you should see the following changes in your account.

• The term Pledge replaces Invoice

• Financial report names will be the traditional nonprofit report names

  • Statement of Activity replaces the Profit and Loss

  • Statement of Financial Position replaces the Balance Sheet

  • Net Assets replace Equity

• The term Donor replaces Customer

Note, all changes may not be immediate