That was quick, you answered your own question with a recommendation from an
accountant in 3 minutes. (at least by my clock)
I’m curious for a clarification.
Does your accountant mean to expense the non-cash goods and services provided
Or to hold these as deferred and expense them as used?
Or even to accept them as ‘revenue’ and later deduct them against matching
Just curious. Overall, I think I see where she’s going, I just want to
understand the advice better.
> On Feb 13, 2018, at 5:09 PM, Rich Shepard <rshep...@appl-ecosys.com> wrote:
> On Tue, 13 Feb 2018, Rich Shepard wrote:
>> For tax purposes non-cash donations of goods and services are deductible.
>> I would like to track those as an account (or off-setting accounts) in
>> gnucash and do not find how best to do this in the guide or help docs. I'm
>> open to suggestions on how to track these transactions.
> I spoke with my accountant and she approved my solution: and expense
> account for non-cash donations and an asset account 'goodwill.'
> That'll work.
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