Recording your donation in QuickBooks can be done in several ways based on the product you've subscribed to, Familywatanabe. I'm here to lay out various scenarios that apply to your situation.
Before anything else, I'd like to ask what specific QuickBooks product you're utilizing. Are you currently working with QuickBooks Online or QuickBooks Self-Employed? Providing more information can help me create tailored procedures for documenting your donations.
Furthermore, you can create a new account in the Chart of Accounts if you don't have one for donations and record them afterward in QuickBooks Online (QBO). To do so, kindly follow the steps below:
- Log into your QBO account.
- Go to the Gear Icon ⚙, then select Chart of Accounts.
- Click on the New tab in the upper right corner.
- Type in a name for the account in the Account name section.
- In the Account Types dropdown list, select Expense.
- In the Detail Type, you can choose Charitable Contributions.
- Continue customizing the new account with the available options in the panel.
- Once done, click Save.
After establishing a new account for donations in the Charts of Accounts, the method for recording donations depends on whether they are cash contributions or products and services offered. In documenting them, I highly recommend checking and following the procedures in this material: How to record donations or charitable contributions in QuickBooks Online.
Furthermore, QuickBooks Self-Employed (QBSE) does not have a Chart of Accounts. With that, you can classify your donation transaction as Business, Personal, or Split. In organizing the transactions, you can use the Schedule C category that matches the donation descriptions.
Additionally, I'll provide you with this material that you can utilize when reconciling your accounts in QBO or exporting and generating reports in QBSE:
Return to this thread if you require more assistance recording your donations in QuickBooks. I'll be at your aid once I get your reply. Keep safe!
