jgonsman
02-20-2004, 09:18 PM
This is a repost from last week that drew no responses.
I am keeping books for a non-profit. One of our activities involves purchasing and restoring wetlands. Frequently, funds for acqusition come from government agencies directly to a title company without going through our bank accounts. If these funds are anticipated to arrive after close of escrow, I would want to show them as receivables. My problem is that it appears that receivables in QuickBooks must be run posted through invoices and payments and not through journal entries. Is this true, or is there another way?
I am keeping books for a non-profit. One of our activities involves purchasing and restoring wetlands. Frequently, funds for acqusition come from government agencies directly to a title company without going through our bank accounts. If these funds are anticipated to arrive after close of escrow, I would want to show them as receivables. My problem is that it appears that receivables in QuickBooks must be run posted through invoices and payments and not through journal entries. Is this true, or is there another way?