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

by Kathi

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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Jun 27, 2013
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.

Jun 28, 2013
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

Jul 07, 2013
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.

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Join in and write your own page! It's easy to do. How? Simply click here to return to QuickBooks.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)

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