I’ve just signed up for Quickfile to use for our PTA. We won’t be using invoices really (only rarely) and most income will come from cash donations and fundraising at events. how best can I categorise this in quikfile to ensure that I can produce reports showing cost and incomes for each event/project?
Any help and advice gratefully received!!
I would suggest tagging directly from your bank and using the option “Something else not on the list”, this will allow you to post directly to specific nominal codes (no invoices needed). You can see the full list of nominal codes and run detailed reports in the Chart of Accounts section (Under the reports menu).
Once caveat to mention here is if you want QuickFile to produce VAT returns you will need to post income and expenditure to invoices and this direct method will not be suitable.
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