The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Charity Raffle Donation
Post Info TOPIC: Charity Raffle Donation
Jaggedthistle


Member

Status: Offline
Posts: 9
Date:
Charity Raffle Donation
Permalink Closed

Hi All,

Wee question for you!

Our company purchased a crate of wine to give to a local charity raffle to help raise funds.  How should this be accounted for in Sage?  Does it just go down as a purchase because it wasn't a cash donation?  The total amount came to £83.88 including VAT.

This is the first time we've done something like this and not 100% sure how to account for it.  Any advice would be greatly received!

Thanks

JT



__________________
numbnumber


Senior Member

Status: Offline
Posts: 143
Date:
Permalink Closed

I would post it as Donation in say 8200 nominal and not reclaim the VAT but I could be wrong?

__________________

Roz
MarkS


Expert

Status: Offline
Posts: 1501
Date:
Permalink Closed

I would probably put to either Donations or Sundry Exps.

Regards

MarkS



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Jaggedthistle


Member

Status: Offline
Posts: 9
Date:
Permalink Closed

Ok, thanks guys :)

JT

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Charity Raffle Donation
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About