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We're non profit organization. We need to record donations made during the year, end of the financial year we issue a certificate,18A to all donors. Best way to record?
How is best to record the transactions to be able to collate into one entry at end of financial year
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Getting Started
Hi jwbs,
I'm here to help you record the donations for this year.
Recording a cash donation is different when recording donation of products or services that you sell.
Make sure to set up the charitable organization as vendor if you want to record a cash donation. Then, record it as check or a bill and payment.
- Click the Plus (+) icon on the upper-right corner.
- Enter the charitable organization that you're donating to as Payee.
- Fill in the necessary information required. Also, in the Category column, make sure to select an expense account dedicated for donations only.
- Click Save and close.
Feel free to reach out to us if you need anything else. We're right here to help you.