Charity donations
Question asked by Tim De Glanville 9 years ago
Please can someone help me decide which account does Charity donations go under.
Question asked by Tim De Glanville 9 years ago
Please can someone help me decide which account does Charity donations go under.
Hi Tim
If you are making a donation, create an account type Charitable Donations in P&L under administrative expenses.
Go to Settings>code>create account code and then click on the green plus symbol next to account type which will open up a box where you can create the new account type as shown in screen shot below.
https://s3-eu-west-1.amazonaws.com/uploads-eu.hipchat.com/36185/2368368/A0pAmZUSPNpvZEd/upload.png
Then create an account code for the Charity Donations which should be under the charity account type you created. You can create a generic code for all charitable donations or a specific one if you wish to.
Hope this helps.
Regards
Latha
Thank you Latha.