Time for action - using GnuCash features for non-profits
Let us take a few scenarios of accounting challenges that are more commonly found in non-profits and see how best to leverage the features of GnuCash to meet those requirements:
- Non-profit scenario 1 - Income/Expense for an event: You are the treasurer for the non-profit, Save Our Souls (SOS). During the month of November, SOS plans to run a Holiday Fundraising event of buying Poinsettias and Wreathes and distributing them to the local community. You would like to track the income and expenses for the event separately, so that you can create a report showing how the event did financially.
- Prerequisites: Set up a new account hierarchy for SOS. You can use the Business Accounts as a starter. ...