Handling charitable donation as a discount on an invoice

[Kevin Wilson]

No other suggestions on this? Darn.

On 27/10/2014 8:23 AM, Kevin Wilson wrote:
> Thanks Mike. I understand what you're saying, but in this case the 
> invoice was issued and paid way back in January, so I have to deal 
> with it as-is.
>
> Kevin
>
> On 27/10/2014 5:48 AM, Mike or Penny Novack wrote:
>>
>>>
>>>
>>> Is there a way to post a charitable donation directly to an expense 
>>> account from an invoice, or am I barking up a dead tree?
>>>
>>> Kevin
>>>
>> Need to separate "can do" from "advisable" and this is something you 
>> really should be taking up with your accountant.
>>
>> This is something I deal with all the time from BOTH sides of the 
>> question (sometimes as the donor and sometimes as the treasurer of 
>> the charity). It is really a LOT cleaner if you don't combine and 
>> provides a more definite record for tax purposes.
>>
>> I am NOT an accountant, but I recommend you don't combine. Bill the 
>> invoice for the full amount and include a check for the donation you 
>> wish to make. Similarly when one of my people sends in a receipt with 
>> a  reimbursement request for only part of that (part they wish to 
>> donate) I send them a reimbursement check for the full amount and ask 
>> them for a check in the amount they wish to donate.
>>
>> Michael
>>
>>
>> PS: I will repeat, I am neither an accountant nor a tax advisor. This 
>> is really a question where you should know the answer in terms of the 
>> tax codes of your jurisdiction and what verification of donations 
>> they require.
>>
>
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