It is ok if for donations, cash, I create clients with names like “Donations @Winter Festival” to can issue an invoice?
When I have multiple sales in one day, at a fair, cash, for multiple customers with no data, it is ok if I create a client with a name like “Customers @Art and Craft Fair” to can issue an invoice for money received in that day?
Thank you so much for your support!
Thank you for the answer!
It is very important or helpful to add a new code for donations?
I try to keep the things simple.
In my case I offered free things, for accepting donations.
I don’t think it would matter so much what nominal code you add it to, but keeping it separate could certainly help in case any queries were ever raised.
If in doubt, I would always recommend speaking to an accountant (I’m not one)