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We are doing the distribution for a calendar and all the profits go to charity.
They are being bought on our online store and a delivery charge is paid. Customers can also add other products to the same order.
The value of the calendars is going to be passed onto a charity when they have all been sold. I will retain the delivery charges to cover the costs of the distribution.
How do I record this?
Solved! Go to Solution.
Welcome back to the QuickBooks Community, Feelwells. I'll be sharing steps to ensure you can record your transaction in QuickBooks for doing the distribution for a calendar smoothly.
When you make donations or charitable contributions, how you record them depends on the type of donation you've made. With this, I reccomend creating an invoice for the product or service so that you can record the income.
Here's how:
Once done, create an account to use to record charitable contributions. Then, make a product/service item for charitable contributions. Please follow the steps below.
After that, issue a credit note for the value of the products or services you're donating. You can open this article to see the steps on how to perform the process: How to record donations or charitable contributions. This also provides details on how you can finish the instructions for recording charitable transactions.
On the other hand, you can add the delivery charge you've mentioned when the time you'll deposit the transactions. This way, it will keep or remain in your account to cover the costs of the distribution.
Lastly, you may refer to this article to see information on how to run various reports in QuickBooks that will give you a snapshot of your business: Run reports in QuickBooks Online.
I'll be around whenever you have other follow-up questions about recording transactions in QBO. You can just click the Reply button below add them to your reply and I'll take care of them for you. Stay safe and have a great day!
Welcome back to the QuickBooks Community, Feelwells. I'll be sharing steps to ensure you can record your transaction in QuickBooks for doing the distribution for a calendar smoothly.
When you make donations or charitable contributions, how you record them depends on the type of donation you've made. With this, I reccomend creating an invoice for the product or service so that you can record the income.
Here's how:
Once done, create an account to use to record charitable contributions. Then, make a product/service item for charitable contributions. Please follow the steps below.
After that, issue a credit note for the value of the products or services you're donating. You can open this article to see the steps on how to perform the process: How to record donations or charitable contributions. This also provides details on how you can finish the instructions for recording charitable transactions.
On the other hand, you can add the delivery charge you've mentioned when the time you'll deposit the transactions. This way, it will keep or remain in your account to cover the costs of the distribution.
Lastly, you may refer to this article to see information on how to run various reports in QuickBooks that will give you a snapshot of your business: Run reports in QuickBooks Online.
I'll be around whenever you have other follow-up questions about recording transactions in QBO. You can just click the Reply button below add them to your reply and I'll take care of them for you. Stay safe and have a great day!
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