[GNC] How to post "In Kind" donations

[Murugan Mariappan]

Hi Ross,

When you receive an "In Kind" donation, such as someone purchasing postage and not wanting reimbursement, you can treat it as if you received the donation and then spent it on postage. Normally, you would debit the Asset:Bank and credit Income:Donations. Then, you would record the expense as a debit to Expenses:Postage and credit to Asset:Bank. However, since there is no actual bank transaction in this scenario, you can directly post a credit to Income:Donations and a debit to Expenses:Postage. This way, you accurately track the donation and the legitimate expense without involving the bank account.



Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of Ross Laver <ross.laver at gmail.com>
Sent: 18 January 2025 19:33
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: [GNC] How to post "In Kind" donations

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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