Businesses should always keep track of their donations to non-profits and local charities. This could be something simple like donating coffee to a fundraiser or old furniture to a local Boys & Girls Club. Using an Excel template as a charitable donation tracker is useful come tax season.
Businesses can write off such donations. This can save the group a lot of money. Every single donation should be recorded. Additionally, business owners or managers should make sure they have documentation of donations. This protects groups when they file their taxes and claim deductions and write offs. Thanks to Excel, everything is in one place.