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charitable contribution

We donated a vehicle from the company last year.  We have a receipt.  How do I record that in QuickBooks 2019?

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Super Contributor ***

Re: charitable contribution

Hello @PRT1 

 

To record a product and services donation, you'll need to follow these steps in this order, which we'll walk you through below:

  1. Create an invoice for the products or services you donated.
  2. Create an account for charitable contributions.
  3. Create a product/service item called Charitable Contributions.
  4. Issue a credit memo to the customer.
  5. Verify the credit memo was applied to the invoice.

 

More details you can find in this detailed article below: 

How to record donations or charitable contributions

 

Hope it will help you. 

Have a nice day!

Established Community Backer ***

Re: charitable contribution


@PRT1 wrote:

We donated a vehicle from the company last year.  We have a receipt.  How do I record that in QuickBooks 2019?


it is more involved than the intuit one size fits all explanation

 

since this was last year and taxes are close, you need, need to get with a tax accountant.

Not only is there the car asset cost account but accumulated depreciation to deal with

but if the company you donated to is not a 501(c)(3) for taxes, the donation may be disallowed, receipt or not.

 

get with a tax accountant

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