How do i record a donation in quickbooks (2024)

‎July 30, 202008:37 AM

• QuickBooks Online

Hi @director18, thank you for joining quickbooks community. To record donation, you could make up a donation charts of account. Here the steps:

1. Go toSettings⚙.
2. SelectChart of Accounts.
3. SelectNew.
4. In theAccountdialog, selectExpensesfrom theAccount Typedrop-down list.
5. SelectCharitable Contributionsfrom theDetail Typedrop-down list.
6. Enter aNamefor the account (for example,Charitable Contributions).
7. SelectSave and Close.

I'll give you the article aboutrecording donation in QBO. Comment back, cheers.

Thanks for joining us here, @wenhen91.

I'll share the steps on how you can record a donation in QuickBooks. You'll have to set up an in-kind donation for the equipment.

Here's how:

1. Create an income account.
2. Create a clearing account.
3. Create a product or service item.

Once you're done with the setup, you're now ready to record the in-kind donation. For in-depth instruction, refer to this guide: Set up and record in-kind donations.

Additionally, here's a link that covers all the tasks you can do when using the customer feature in QuickBooks:Topics about your company's income and customers.

Please let me know if you have follow-up questions or concerns with donations. I'll be around for you. Take care and stay safe.

I don't see "Charitable Contributions" in my drop-down menu in my "expenses". Do I need to create it?

I donated my old van to goodwill and I'm not sure how to record the $700 tax deduction.

Thanks

Hi louisgeorges2000,

The Charitable Contributions is a default account in QuickBooks Online.

You can run some steps to fix why the account is unavailable on your end. To start with, open your QuickBooks account on an incognito window. It is the best place to isolate what causes the weird behavior. You can use these keyboard keys to open one:

• Ctrl+ Shift + Nfor Google Chrome.
• Ctrl + Shift + Pfor Mozilla Firefox and Microsoft Edge.
• Command + Shift + Nfor Safari.

If it works, go back to your regular browser and proceed toclear your browser's cacheto remove the stored files.

However, if the problem continues, use another compatible browser:The supported QBO browser.

You can select different accounts to record the Van as a donation.

Before doing so, I'd recommend reaching out to your accountant so you'll be guided on the correct way to record the tax deduction.

I've added this article as your reference in recording the donation:Set up and record in-kind donation.

You can also visit this page for some resources in managing your taxes:Help Articles.

Keep me posted whenever you have concerns.

Hello,

Ive had no luck finding the answer to this question and maybe its obvious, but what sales tax option should I select for a cash charitable donation.

Thanks

Hi there, AGDustin.

I want to ensure that your tax recording is accurate.

When it comes to assigning taxes, I'd suggest reaching out to your accountant so they can guide you on the best type to select. This way, your accounting is recorded correctly.

I've added this reference as your guide in setting up a charitable donation:How to record donations or charitable contributions.

You can check this reference for more information about filing taxes:Set up and file taxes.

You can always get back to this thread whenever help is needed.

I have a client that we did work for and billed but deducted a donation from the final bill. For example:

Invoice Total $5,000

Deduct Donation of $1000 from invoice

They paid us $4000.

How do I enter that donation?

Thank you.

Hey there, @userk-sweeney.

Thanks for joining in on this thread. Allow me to point you in the right direction to get this handled.

My colleague at the beginning of the thread, provides the best steps to record this donation. Here's the link to help you out:

How to record donations or charitable contributions

If this doesn't work for you, I suggest consulting with your accountant to be sure of which route would be best for you.

I hope this helps and gets you squared away. I'm only a reply away if you need me again. Have a splendid day!

What item type would one use if the donation came to a nonprofit as shares of stock with cash value.

Everything I read says create the "customer" invoice, setup income / investment other current asset line in COA with income line also, use receive payment, but no one has any direction after that and how to setup the invoice/pledge. Any further details? TIA