> Non-cash donations are tax deductible; for example, milage and fuel while
> delivering Meals on Wheels to shut-ins, books to the county library, and
> items given to Goodwill. For those of us who are sole members of an LLC the
> company's net profits roll over to our personal accounts so both
On Mon, 2 Aug 2021, Stan Brown wrote:
If you're donating items that have no value on your books, I'm not sure I
would call that a "donation" in accounting terms. You could keep a record
by entering a transaction that would have only one split, with Account =
your charity account and Debit and Cr
On 2021-08-02 12:19, Rich Shepard wrote:
> While I've sent my account an email asking how to book non-cash donations
> I'm also asking here how folks do this. I can set up an Expense account for
> non-cash donations but cannot think of an appropriate off-setting
> account in
> Assets (since these
While I've sent my account an email asking how to book non-cash donations
I'm also asking here how folks do this. I can set up an Expense account for
non-cash donations but cannot think of an appropriate off-setting account in
Assets (since these are items and books I've owned but are now donating
