Recording non-cash donations [RESOLVED]
Rich Shepard
rshepard at appl-ecosys.com
Tue Feb 13 18:09:33 EST 2018
On Tue, 13 Feb 2018, Rich Shepard wrote:
> For tax purposes non-cash donations of goods and services are deductible.
> I would like to track those as an account (or off-setting accounts) in
> gnucash and do not find how best to do this in the guide or help docs. I'm
> open to suggestions on how to track these transactions.
I spoke with my accountant and she approved my solution: and expense
account for non-cash donations and an asset account 'goodwill.'
That'll work.
Rich
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