[GNC] How To Record an In-Kind Charitable Donation?

[David Carlson]

I am not an accountant, so this is not an official recommendation.  When I
make a contribution to a qualified charity, I put the acknowledgement in a
folder to hand to my accountant at tax time.  In GnuCash I enter a
transaction to record the transfer of some (usually) cash asset to
Charity.  For your case, I would probably use an income account for the
value of the work that was donated to charity.  However, that is probably
not report able as taxable income so I would identify the account as
non-taxable income.

David C



On Sat, Jun 30, 2018 at 2:10 PM, Eric H. Bowen via gnucash-user <
gnucash-user at gnucash.org> wrote:

> I performed some design work and provided custom-printed envelopes and
> materials for a local 501c3 charitable ministry. I am not charging them
> money for the items, but I would like to receive credit for their fair
> market value as an in-kind charitable donation. The ministry's treasurer
> said to send him an invoice for the material and he would acknowledge
> its receipt as a donation. Am I able to use Gnucash to track this
> donation and, if so, what is the proper way to record the activity?
>
> --
>
> --------Eric H. Bowen
> eric at ehbowen.net <mailto:eric at ehbowen.net>
>
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