Receipts are showing under assets section in balance sheet.

I'll ensure that the receipt will not show as an additional asset category in the Balance Sheet, sacwc.

I'll help you how to record your donation correctly in QuickBooks. This way, your non-profit organization book will stay accurate at all times.

The receipts will show as an additional asset category in the Balance Sheet if you use the asset in your item. For in-kind donations, you should set up an income and clearing account for charitable contributions. Then create a product or service item for the donations.

To guarantee that your receipts will show in the correct account, ensure to select an Income. Let me show you how:

1. Go to the Sales menu on the upper left side. 
2. Select the Product and services tab. 
3. Find the item and click Edit. 
4. Make sure to select an income account in the drop-down. 
5. Hit Save and close.

For more details, check out this link: Set up and record in-kind donations in QuickBooks Online.

In addition, check out the following articles below to learn how to track fund donations you receive via credit card, bank transfer, or as cash in QuickBooks:

• Track funds you receive from donors in QuickBooks Online
• How to record donations or charitable contributions

If you have other questions, feel free to place a comment here. It's our pleasure to help in the QuickBooks Community. Take care!

Thanks for the reply, I was able to resolve the issue for Donations based on your inputs by creating in-kind clearing account. 

I have few more Sales receipts related to some of the products we sold. Even they are also showing as an category under assets. They are similar to Donations where amount is already received in our bank account. How do we handle those receipts.  Please let me know.