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

Mike or Penny Novack stepbystepfarm at dialup4less.com
Sat Jun 30 18:57:09 EDT 2018


On 6/30/2018 3:10 PM, Eric H. Bowen via gnucash-user 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?
The proper way is the way your tax lawyer/accountant tells you to. Once 
THAT has been settled, we can then tell you "how in gnucash".

I lack the "qualifications" to give this sort of advice, especially as 
there are two parts to it. The "materials" part of it is easy, a debit 
to donations and a credit to your materials inventory. The "design work" 
part of it I would not be willing to hazard a guess. Maybe somebody on 
this list who donates professional services might answer.

Michael D Novack


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