cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Active Member

how do i record a donated vehicle I RECEIVED for my nonprofit onto quickbooks

How do i record a donated vehicle I RECEIVED for my nonprofit onto quickbooks?

1 Comment
Established Community Backer ***

Re: how do i record a donated vehicle I RECEIVED for my nonprofit onto quickbooks

receive the donation at fair market value, that is donation income, deposit that amount to a cash account

 

then using the cash account buy the car asset for that same amount