[GNC] How to post "In Kind" donations

[David Cousens]

Ross

One approach would be to create an Asset account(s) and an Income
account for in kind donations

When a person makes such a donation with monetary value xxx by paying
an expense


Income:In Kind Donations   Cr   xxx
Expemse:Postage            Dr   xxx

Where it is a physical object donated which has a nominal monetary
value Eg a BBQ  worth xxx

Asset:iI Kind Donations:BBQ  Dr    xxx
Income:In Kind Donations     Cr    xxx


You can use the Notes to record relevant appropriate details of who
made the donation, purpose etc.

David Cousens


On Sat, 2025-01-18 at 17:33 -0500, Ross Laver wrote:
> I am the treasurer of a fraternal organization.  I want to track "In
> Kind"
> donations for budgeting purposes.
> EXAMPLE:  someone purchases postage and does not want to be
> reimbursed.
> Postage is a legitimate expense.
> Please help!
> Ross
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