Welcome to the Community, strathacc!
In QuickBooks Online you can create an income account and clearing account and a products or service item to track the donation. If you wanted to record it using owners equity account, you can do so my create a new equity account. Here's how:
- Click on the Transactions tab.
- Click on Chart of Accounts.
- Click on New.
- Under Account type choose Equity or owners equity account.
- Enter a name on how you want to show them on the reports.
To record the donation using the equity account create a journal entry to record them. To know which account to use, I recommend contacting your accountant to see if how best to record the donation.
For reference you can also use this link for a more comprehensive information on how to: Set up and record in-kind donations in QuickBooks Online.
Post again in the Community if you have further concerns. Have a great weekend!
