'Set Up the Accounts in Your Chart of Accounts:

For Accepting Donations (Incoming Funds):

1. Go to Accountant > Chart of Accounts.
2. Click the 'New Account' button.
3. Under Account Type, select Revenue.
4. Name the account "Donations Income".
5. Click 'Save'.

For Giving Donations (Outgoing Funds):

1. Go to Accountant > Chart of Accounts.
2. Click the 'New Account' button.
3. Under Account Type, select Operating Expense.
4. Name the account "Donations Expense" or something similar.
5. Click 'Save'.

To Record the Acceptance of a Donation (Income):

Let’s say your business received a donation of €500 into your business bank account.

1. Go to Accountant > Journal Enties.
2. Click the 'New Entry' button.
3. Date: Enter the transaction date.
4. Description: e.g., Received monetary donation.
5. Journal Entry: Debit the Bank Account €500, and Credit Donations Income €500.
6. Click 'Save'.

This records the donation as income and increases your bank balance.

To Record the Giving of a Donation (Expense):

Let’s say your business donated €200 to a charitable organization.

1. Go to Accountant > Journal Entries.
2. Click the 'New Entry' button.
3. Date: Enter the transaction date.
4. Description: e.g., Charitable donation paid.
5. Journal Entry: Debit Donations Expense €200, and Credit the Bank Account €200.
6. Click 'Save'.