How do I record my charitable donations in GoDaddy Bookkeeping?

For sole-proprietors, charitable donations are considered a personal expense, not a business expense.  As such, charitable donations are tracked on the 1040 tax form and not the Schedule C.

To simply record and organize your charitable donations in GoDaddy Bookkeeping, all you have to do is create a category called "Charitable Donations" under your Expenses: Non-Business tabs, and assign pertinent transactions there so that you have those transactions appropriately organized when you need to file your taxes.

Remember, the laws for charitable contribution deductions may differ for individuals, sole proprietors, and small businesses.  GoDaddy Bookkeeping strongly encourages you to understand which laws are applicable in your particular circumstances, and to always seek the advice of a qualified professional accountant when you file your taxes.

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