Non-Profit
Peer-to-Peer Fundraising Payout
Receiving funds raised by individual volunteer fundraisers on behalf of the NGO.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 3,500.00 | - |
| Contributions Revenue (P2P Fundraising) | Revenue (+) | - | 3,500.00 |
💡 Accountant's Note
P2P fundraisers collect donations on the NGO's behalf. The funds are recognized as contributions when received by the NGO. The fundraiser acts as an agent — their collections are the NGO's revenue.
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