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Join nowWe have items we are donating and I need to remove the items from inventory and charge them to an expense account (donations). What is the detailed process for doing this? We are new to quick books and we have QB Enterprise Wholesale and Manufacturing. I also have items that were given as employee gifts that also need to be taken out of inventory and charged to an expense account (employee gifts). I assume this would be the same process?
yes it is the same process
use inventory adjust, set the adjusting account to the expense account you want, lower the qty and save
Hi there, @user01428.
Great to have you in the Community. I can assist you with entering the donations in your QuickBooks account.
First, you need to go to your Chart of Accounts and create a Charitable Contributions account.
Now let's create a discount item; this will take care of the cost of the inventory donated.
9. Click Ok.
Once completed, you can create a sales receipt, which will include the donated stock and Item you just created.
Please know I'm always available here to lend a helping hand.
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