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Jaffa1967's avatar
Jaffa1967
Partner
2 years ago

recording community engagement expense

Hi

I work for a NFP Community House. We offer community engagement programs and classes. We are in a position to cover the client cost for those struggling to pay for their classes to enable them to stay connected within community. What is the best way to account for this - we do not want to change a $250 invoice to $50 when we cover the other $200. 

Is the best way to create an expense account for "community engagement" ?

 

Thanks

Janette

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    2 years ago

    Hi Jaffa1967 

     

    Thanks for your post. We're not permitted to advise on the account type or tax code to allocate that amount to, you would need to check with the accountant.

     

    Once you know those details I'll be happy to help with how to record the transaction if required.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.