What is the best way to use Sage50 pro 2021 can.ed to manage charity donations and receipts?

I just got the mandate as volunteer Treasurer, Should it be posted as invoices and payment or otherwise ?

I've seen a Youtube video with Sage 50 setup specifically for donations and funds management. I can't see such options into the version I have.

So I thought I could define each person that requires a charity receipt at year end as a client, register the check or cash donation as payment and use the sales report by client to get the total by donator and issue a charity recept accordingly.  For the donations that do not require a receipt, I would register a dummy client called cash donations.

Do you see a better way to manage donations. I'm starting a new accounting system from scratch.

Thanks

Martin Jalbert

  • 0

    I do not use Sage 50 for donation receipts for a Charity. Yes it can be done through many modifications to the invoice template and then you have to enter each donation individually. You will also have to be sure that the receipt template is maintained fully to be compliant with the CRA requirements. This is very time consuming and there is an easier way.

    I highly recommend using a program designed for donation receipts only. Software4nonprofits has a program called Donation which handles the receipting and it is maintained on a regular basis. The cost for this program is $75 to purchase and $75 each year to maintain. The receipts can be printed or emailed directly from the program. There are a number of reports available but only one I use regularly, which provides all of the detail for a recurring entry in Sage 50 each day of inputs. This program is worth looking into for your purposes.

    I have all of my church and charity clients (30) on this program and I have recommended it to many others who have installed and are completely satisfied.