Murugan Thanks so much for a well detailed explanation and procedure. Ross
On Sat, Jan 18, 2025, 9:26 PM Murugan Mariappan <m.muruganan...@hotmail.com> wrote: > 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....@gnucash.org> on behalf of Ross Laver <ross.la...@gmail.com> > *Sent:* 18 January 2025 19:33 > *To:* gnucash-user@gnucash.org <gnucash-user@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 > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=05%7C02%7C%7Cf1b441f5546f4ae4c56008dd38121df0%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638728372654967593%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=EQZc97ar2pIt0HCrcbuxcx7YcjQ4EfvF%2FM3h75lPf%2Bo%3D&reserved=0 > <https://lists.gnucash.org/mailman/listinfo/gnucash-user> > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
