Non-Profit
Fundraising Event Revenue & Expense
Recording gross ticket sales for a gala and the direct costs associated with the event.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 5,000.00 | - |
| Direct Costs: Gala Dinner | Expense (+) | 1,500.00 | - |
| Special Event Revenue | Revenue (+) | - | 5,000.00 |
| Cash | Asset (-) | - | 1,500.00 |
💡 Accountant's Note
NGOs must report the gross amount raised and the direct costs to donors (like the meal cost) to show the net efficiency of the fundraiser.
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