Fundraising
by Sharon
(Calgary, (AB), Canada.)
Recording Donations
My client set up a loose-change collection box with a organization (local zoo) name printed on it for customers to donate to.
Once collected and counted the money was given the organization and a tax receipt was made out in my client's business name.
Is this treated like any other donation or is different because it was a fundraiser activity that the public contributed to?
I am not sure how to deal with this in the books.
Sharon, unless you are also doing the tax return, I'm not sure what the donation receipt has to do with doing the books for his/her business even if it was made out in the business's name. It was a fundraising activity separate from the business.
If you feel you must book the entry, book it to QuickBooks's expense account named "Ask the Accountant" with a good memo note.
I sure hope the business owner matched the donations or something.
Free eReport When You
Subscribe To My Newsletter
The Bookkeeper's Notes
Enjoy A Tea Break With
Me Today. Let's Chat!
Use the search feature to quickly find the
information you're looking for.
Like this page? Please let Google
know by clicking the +1 button.
Keep Your eDocuments Safe And Secure… $7 USD
Version 2 now out
Bigger and Better
SHORTEN
Your Learning Curve!
Warm up your tea cup and check out these chats ...
Click on image above to read the chat.
Purchasing These Products Through My Links Helps To Support This Site
Click on image above for my review.
Join Me On Facebook
Help support this site by "liking" me! Here's where I post current information.
Listed Under Websites NOT Local Business.
This website is not associated with the business operating in Bonnyville AB.
