How do I enter donations in Quickbooks Nonprofit?

Answer 1

You can only take a tax deduction for specific types of donations. If you have donated products or services do the following:

1. Create a Products and Services Item named "Donations" and create a Donations Expense Account (Charitable Contributions Type), then map the Item Income Account to this Expense Account.
2. Then create a Sales Receipt and enter the the products or services being donated at their original price, then add the "Donations" line Item you just created and enter a negative number to zero out the receipt amount.

This provide you with an audit trail for the donation and record the donation expense at the same time.