Recording Cash Donations in QuickBooks

On my previous article Donations to Charitable Institution in Quickbooks I mentions the different types of donations. For this article let me show you how to record cash donations in quickbooks.


First, create the Charitable Contribution account. see Setting up Chart of Accounts in Quickbooks


Second, Go to Banking then click Write Check from the drop down list, put the name of the Organization on the Payee, put the date and amount. On the Memo put the description or details about the donation.


Third, Enter on the Expense Tab the Charitable Contribution Account or Donations.


Lastly, Click save and new or save and close

Donations to Charitable Institution in QuickBooks

Accountants can record Donations to Charitable Institutions or government agencies, like donation when Ondoy happened last year or to Pakistan's deadliest flood that killed 1,500 people in all versions of Quickbooks.

Tax implications will not be discussed in this article whether is Income Tax deductible or not but more on how we should enter the transaction as it occur in Quickbooks.

Accounting Principles and Intuit QuickBooks

Before getting into more details on Intuit QuickBooks Online Basic - Free Accounting Software for Business Anytime, Anywhere Access, Intuit QuickBooks Online Plus - Free Accounting Software for Business Anytime, Anywhere Access, Intuit QuickBooks Simple Start - For Simple Finances, Intuit QuickBooks Premier Edition, Intuit QuickBooks Premier Contractor Edition, Intuit QuickBooks Premier Manufacturing and Wholesale Edition, Intuit QuickBooks Premier Non Profit Edition, Intuit QuickBooks Premier Professional Services Edition, Intuit QuickBooks Premier Retail Edition, Intuit QuickBooks Pro Edition and Intuit QuickBooks Enterprise Solutions, Pinoy Accountants, Pinoy Bookkeepers, Pinoy CPAs, Pinoy Business Owners and other Pinoy-QuickBooks users still need to know the Principles of Accounting.

Pinoy Accountants, Pinoy Bookkeepers, Pinoy CPAs, Pinoy Business Owners and other Pinoy-QuickBooks users should know that the most important thing about accounting is that it gives financial information to stakeholders. Stakeholders are the one who do business with or interact with the company; the stakeholders are the managers, employees, investors, vendors, banks, government agencies that may deal with the company regarding taxes.