How to track incoming Gift Cards for a 501c3 and purchase canteen items (edit)

Donna DS
Donna DS Quicken Windows Other Member

Our 501c3 has received gift cards to assist in purchasing canteen items for sale. I set up a category for non-cash donations, but can’t figure how to access that category to enter transactions. The only accounts listed on the left are the bank accounts and savings goals.

Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I'd think that a non-cash donation belongs in an OFFLINE account … not a category. See if that helps with your situation.

    The category for such donations would be whatever you use for other donations .. but you could also set up a new category

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Ps56k2
    Ps56k2 Quicken Windows Subscription Alumni ✭✭✭✭
    edited September 2023

    you mixed terms in your last sentences…

    Accounts - setup in Quicken to mirror your real world accounts at Banks, etc
    Category - setup in Quicken, like a bookeeping file folder, so you can "report" on various "categories" as income or expenses
    you can see all yours setup —> Tools —> Category List

    So - you have a Gift Card coming in - how would you like to handle and track that - ? just thinking out loud here….
    You could treat it like an offline credit card
    and manually track and enter your "gift card deposits" into that account,
    and then later on, enter your purchases using those cards,
    since there is really no online transactions being created.

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