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Level 1

Create a general journal entry

How do I book an in-kind contribution?

Professional training with $1,487.50 of unreimbursed travel expenses
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Best answer December 10, 2018

Best Answers
Highlighted
Level 3

Create a general journal entry

Depends on your business - if a non profit   maybe Deposit to Professional training and create to in-kind contribution.

 

in this case.    the expense will be recorded and a credit to income or donation.

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4 Comments 4
Highlighted
Level 3

Create a general journal entry

Depends on your business - if a non profit   maybe Deposit to Professional training and create to in-kind contribution.

 

in this case.    the expense will be recorded and a credit to income or donation.

View solution in original post

Highlighted
Level 1

Create a general journal entry

I am not a Non Profit.  I just need to know where on QB to enter the transaction?

Highlighted
Level 1

Create a general journal entry

I am not a Non Profit.  Where do I go in QuickBooks to enter a transaction thru the general journal?

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QuickBooks Team

Create a general journal entry

Hello, @jadams1.

 

With QuickBooks, you can record day-to-day transaction entry, using familiar forms such as invoices, bills, and checks. Also, you can traditionally record transactions.

 

Here’s how to enter a journal entry in QuickBooks:

  1. Go to the Company menu.
  2. Choose to Make General Journal Entries.
  3. Enter the journal details.
  4. Click the Save and Close button.

Once completed, you can run the Journal reports. Here’s how:

  1. Go to the Reports menu.
  2. Select Accountant & Taxes.
  3. Choose Journal.

You can refer to this link for more detailed steps in managing your reports: Customize reports in QuickBooks Desktop.

 

Also, I’d recommend reaching out to an accountant to ensure everything goes smoothly. They have the knowledge and expertise to know what could be the specific detail for those specific transactions and get you back to business. If you don’t already have an accountant, you can find one here: Find an Accountant.

 

I am always here to help you with managing your income and expense transactions. Feel free to leave your comments below.

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