Non-Profit
Agency Transaction (Pass-Through)
Recording funds received where the NGO acts as an agent/intermediary for another specified beneficiary.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 2,500.00 | - |
| Funds Held for Others | Liability (+) | - | 2,500.00 |
💡 Accountant's Note
If a donor says 'Give this to John Smith,' the NGO is just a middleman. No revenue is recognized; it is a liability until the cash is handed over.
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