I am self employed and want to donate some money to charity, how do I categorise this transaction as a donation and not a payment??? Or is it a payment?
Hello, Sawbery:waving_hand: The best thing to do is look to look at the guidance from HMRC on this and confirm with an accountant how they want you to record it, are you wanting to record this as tax relief charitable giving? Which box on the Self Assessment are you wishing this to show in? As we are not accountants we can not give accountant advice however if you know which box you want this to show in we can certainly help.
Let's sort this out, Sawbery.
QuickBooks Self-Employed is designed to track business expenses and income transactions to help with your Schedule C. The program also follows the Schedule C categories for self-employed individuals and freelancers.
Currently, we don’t have a specific category for charitable donations. If you consider the donation as a business expense, select the closest category when manually recording or categorising your donations. If you’re unsure which one to select, I’d recommend consulting your accountant.
For future reference, please read this article: QuickBooks Self-Employed Overview.
Fill me in if you need help. I'll make sure to assist.
Will there be an update in the future which would allow a charity category? I am sure that there are many people that would benefit from using it, which would be a simple bit of coding.
That's a good feature, Mcjury82.
For now, we're unable to provide when this will be available. I suggest sending feedback directly to our product engineers. We're taking notes of our users' ideas and insights.
Let me guide you. Here's how:
Get back to us if you have other concerns. We're around to help you. Take care!
Hello RF8, thanks for commenting on this post, so charitable giving/payments are not accounted for in Quickbooks itself as an allowable expense. You have to account for them in the SA100 in the charitable giving section boxes 5-12 on HMRC's website.
Thank you for joining in on the thread.
You can follow Ashleigh's instructions. If you need further assistance, please feel free to reach out to our dedicated QBSE Support team. That way, they can guide you with this.
Let me know if you have other questions in mind.
I've sent feedback, hopefully something will be done. It's a ridiculous error to leave anything off that we have to fill out on our tax return.
Thanks for the advice.
Agreed. It is shocking that Intuit thinks that self-employed people never want to give donations. They appear to provide this feature to every other account type. If it appears that it is not even possible to switch to another account type to obtain this feature given that I'm self employed as a sole trader and Self Employed is the only plan that allows separate personal and business transactions.
Totally agree! I just made quite a large donation, and as a sole trader only have the option to use Quick books self-employed - which is great in every other way but it seems bizarre that Charity / charitable donations isn't an option