Re: [SL] Setting up a non-profit

[Paul T. <pt...@wa...>]

In that case by all means, use customers and the sales function to "sell"
them donations.
Just remember you are not actually selling anything.

Although people tend te get hope and relief at churches, there are no
physical goods.
So using a service may be correct at that.
Tip: Pricing it at 1$ will make the year end statement processing easier

And like I said, we are overprotective on privacy in Europe.
I mean, who would be ashamed if it became public that they give money to
church or charity?

Greetings,
Paul

2007/11/28, Wallace Roberts Consulting <wrc...@gm...>:
>
> On 11/28/07, Paul Tammes <pt...@wa...> wrote:
> > Donations are GIFTS.
> > Iirc a gift is defined as something given with NO rights to or
> expectation
> > of any kind.
> >
> > Sure , if people are giving you money it might be handy to have them in
> a
> > CRM (customer relation management) to send christmas greetings and or
> beg
> > letters. But that has nothing to do with  donations or accounting.
> >
> > Unless you plan to keep up a frequent donations scheme, there is no need
> to
> > enter all personal data of people donating anything. Just the journal
> entry
> > BANK debit, donations incoming credit.
> > There is NO sale, so no sales account. There IS income (incoming
> donations)
> > so it is strictly an income account.
> >
> > For tax deductions their own bankstatement should be sufficient, and you
> may
> > want to note the adresses, but not in the financial data I suggest.
> (Privacy
> > Laws in Europe are a lot tighter, we MAY not enter that kind of data
> even if
> > we like without the written consent of the person being registered. But
> then
> > we always were a silly bunch to begin with ;-)
>
> Paul,
>
> This is for a church, so yes, the donations are pretty frequent &
> regular.  We need to track them by person, because we can then provide
> a statement for each person at the end of the year, thus allowing them
> to deduct their donations on their income taxes.  This is SOP here in
> the USA.
> --
> Best Regards,
> Wallace
>
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