On 10/29/2020 5:18 AM, Chris Green wrote:
I am treasurer for a small PCC in the UK.
I know there are other similar charity treasurer's hereabouts.
How do you handle Gift-Aid in your accounts, or do you not bother at
all and simply record the datail of Gift-Aid donations separately for
making the on-line claim?
It seems a pity to have to record things twice but on the other hand
the level of detail required for the claim to HMRC is much more than
one wants to have in the annual accounts.
Not in the UK. But this appears similar to here "grants" of the
reimbursement type. But with an added twist. Not only having to track
eligible expenses but also not all donations eligible,
The donations part easy. Just have two sub accounts under donations, one
for eligible and one for not.
On the expense side, I need to know what else you need to submit besides
a number << all the reimbursement grants I dealt with also required
copies of receipts/invoices >>. If JUST expenses (just numbers) then
again a simple partition eligible for Gift-Aid/Not. The extra work
(entering twice) does not exist unless your board wants applying for
reimbursement continuously. Not going to be that much extra work if done
say quarterly transferring "unclaimed" to "claimed".
I know it might seem like trouble. But at every board meeting I expected
to have among the questions "how much do we have left of the XYZ grant".
Michael D Novack
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
