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Level 1

Hat expense do I record a political contribution against? Political contributions are deducted at different % than charitable deductions so, I'm not sure what to do here.

 
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Level 7

Hat expense do I record a political contribution against? Political contributions are deducted at different % than charitable deductions so, I'm not sure what to do here.

Hey gsharpe,

 

It's vital to ensure donations and political contributions are recorded properly, as this will save you a lot of time when claiming them. QuickBooks Online is built with a focus on simplifying your accounting, so you can always be confident in how you're recording your transactions. As these require special consideration to comply with your local tax laws, the best person to ask is your accountant. They're an expert in your company's financials, and can further assist you in keeping everything balanced. To work on this as a team, you can easily invite your accountant as a user. To search for a pro in your area, simply head to the My Accountant tab in QuickBooks Online then click on Find a pro to help

 

Let me know how this goes!