recording non-cash contibutions in QB Premier Non-Profit 2013

by Kathi
(Iowa)

How do I enter a non-cash contribution ie. a person buys cups for $12.50 and wants to donate them, but the church needs to track the expense.

Comments for recording non-cash contibutions in QB Premier Non-Profit 2013

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In kind donations
by: Non-Profit bookkeeper

For your cups I would create an income account called Gifts in kind - goods and an expense account called Donated materials and supplies.

You would then create a journal entry and credit gifts in kind and debit donated materials.

In the memo field list cups you can also place the donors name in the name field and if you use classes assign the appropriate classes.
entering non-cash donations
by: Anonymous

I am new at QB so I really nedd a more step by step process on entering a like-kind entry.
Where do i start? and the step by step. Thanks
bookkeeper for a general contractor
by: Anonymous

If they have a receipt it can be a like-kind donation that should go on their year-end tax deduction statement.

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