Separating transactions by Fiscal Year for a non-profit
I'm the treasurer of a small non-profit educational cooperative. Our fiscal year starts June 1, but we often receive membership dues for the next year in May. Is there a way to record transactions in a way I can easily run reports to see income & expenses for each fiscal year?
Am I making sense?
Hi Slate Gray Drum !
Are you trying to run reports for June 1st - June 1st of the following year, but include dues paid in May? To do that you'd have to run reports from May - June of the following year. Instead, you could run the report from June - June with the knowledge that the extra inflows in May are for the following year.
Is there a certain figure you're looking for or trying to compare? Let me know and we might be able to better help narrow this down. :)