Set up programs and projects as classes in the Class List. To add a program,
go to the Nonprofit menu and click Programs/Projects (Class List).
Many nonprofits choose to report several programs or projects on the audited
Statement of Functional Expense and on Form 990. Each program (class) may
include several activities or subclasses. In some cases, you may also want to
set up special-purpose classes to manage special accounting needs such as
common cost allocations (for example, occupancy or salary costs), reserved
funds, and activity in restricted net assets.
In addition to adding classes for your organization's programs, add
classes for Administration and Fundraising. Administration and Fundraising
classes are required to prepare IRS Form 990 and audited financial
Transactions assigned to classes and subclasses appear on the Statement of
Functional Expense, Statement of Financial Income and Expense, Programs/Projects,
and Budget vs. Actual by Programs/Projects
To track income and expenses by program or project accurately, periodically
take time to add, deactivate, delete, and edit classes to ensure that your
Class list is accurate.
Note: Consider how you want your classes organized before you create
them. You can't merge classes later if you change your mind.
Tracking funds with
Other uses for classes
Creating classes and