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Donations Overview
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| Indicate whether or not this line item is tax deductible. If someone asks you to "Cash a check"; the check is entered as a non-tax deductible item. If the "donation" is for payment of camp, a seminar, a dinner, or any thing else where the donor receives something or services; then the donation is non-tax deductible. For instance, a donor gives a $25 donation for which he receives a "complimentary book." The cost of the book must be deducted from the donation and recorded as non-tax deductible.
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| Check with the IRS for the latest requirements.
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| 1. | Recall the transaction containing the check in the Donation Entry program.
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| 2. | If resubmitting the check, change the deposit number to the new deposit number.
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| 3. | If NOT resubmitting the check, change the amounts to zero to maintain a record of the transaction or delete the transaction.
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| Cash received and not deposited to a bank account should be recorded on the Donation Entry screen. A bank account should be setup in the Bank Accounts program for "Cash on Hand" transactions. This will allow reconciliation of the cash on hand for proper accountability.
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