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shelleyh
Aug 3, 2009, 02:10 AM
I have an accounting system for a non-profit organization using QuickBooks and we have summits and conferences where we get direct payments for registrations and sponsorships for registrations. I need to be able to post sponsorship revenue where I can track the total sponsorships we have and the sponsorships that have been assigned to an accounts receivable account. My fist entry is the following.

General Journal Entry
1. Debit-Undeposited Funds-Sponsorships (other current assets)
Credit-Summit Registrations (revenue account)

I need to be able to:

1. Apply the payment to a registration that needs a sponsor with out overstating revenue and yet decreasing the registered person (that needs a sponsor) accounts receivable account.

Can You Help Me?