Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

donations

Question asked by jabbir ahmed 6 years ago

Hi How do I explain charitable donations and where would the code sit within my accounts.

Can anyone help

Thanks

2 Replies

Hi Jabbir - whether they are donations you are receiving or paying out, you will need to generate a new code to cope with them under Settings>codes>create.

Depending on your business (or charity) you may want to assign them to different account types but most would use "other income" for income and "other expenses" for payments.

Come back if this isn't clear.

All the best

Thanks Paul. That clear up my question

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are