[GNC] How to post "In Kind" donations
David Cousens
davidcousens49 at gmail.com
Sat Jan 18 18:41:05 EST 2025
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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