by Sharon
(Calgary, (AB), Canada.)

Recording Donations

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.

section divider

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.

Click here to post comments

Return to Self-Employed Bookkeepers.

Share this page:
Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Enjoy A Tea Break With
Me Today. Let's Chat!

Use the search feature to quickly find the
information you're looking for.

Your Learning Curve!


Warm up your tea cup and check out these chats ...

Click on image above to read the chat.

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.

A Handy Reference