Hi there,
I donate a few hampers and food products to organisations for fundraisers and events. How do i enter these in Myob Accountright so that i can keep track of the dollar value of stuff I have donated.
I have a list of them that I'd like to enter for this quarter.
And how does this effect GST?
Thank you
Hi Escape_To_Malta,
Thanks for your post and welcome to the Community Forum ! Generally speaking you can use the Spend money window to record the payments you make for things such as petrol, office stationary, phone bills and donations. However if you're unsure on how to record this I would recommend speaking to your Accountant or financial advisor to ensure it is reported correctly.
Additionally, I have found some information on the ATO website in regards to Gifts and donations that may help.
Do let me know how you go.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Thanks. But this is not what i asked.
I donate physical hampers to organisations. This still costs me money.
How do i record these physical hampers in myob. I have paid for the stock to make these hampers.
Hi Escape_To_Malta,
From a software perspective you would enter those purchases through either Spend money or Purchases. I would recommend speaking to your accountant about how to record the donated product to make sure it is reported correctly.
