Nominal for Donations received

Accounting
1

Hello,
My company is a Social; Enterprise and some of the income is through grants/donations received.
Can you advise me what nominal I should use please?
Should it be under the 4000’s? (This money is used to pay for people supporting the homeless)
Can I set up a new nominal?

2

Hi @Erika,

I found this post which may help explain: Incoming funds from a government grant

You may want to speak to an accountant to make sure that you are allocating correctly

1 Like
3

Hi Erika,
In addition to QFBeth you maybe find this post helpful too:

1 Like
4

That’s great! Exactly what I needed!
Thank you!