Created multiple projects now to pay them...

Hello - First post (will apologize I barely know what I am doing and need help - my bookkeeper left for Mexico and I am trying to figure this all out); I am using Sage 50 Premium.

Hoping someone can help me: 

I run a not for profit adoption company that requires clients to pay $1000 into a trust fund - this money is to pay for counselling for the birthparents who 'give them their baby' (so to speak).   

I was told that the best thing to do was create a "project" for each of these birthparents that we work with.  So, I have done this.  I now have a long list of projects. 

In each of these projects, it asks me 'total revenue' or 'total expense'.  As counselling services were provided to each of these people / projects, I recorded the amounts as expense.  

I now need to actually pay these projects.  I need to take the money from the trust fund and pay the projects - only I have no idea how to do this.   

Thank you for any help/guidance! 

  • 0

    Hi 

    Project is design to track allocation of revenue and expense, so you can track the profit when is done.

    This is done by allocation of account level.

    For example: when you create purchase invoice, when it effects expense account you can allocate as expense.  vice versa, when you create sales invoice , when it effects revenue account you can allocate it as revenue.