> 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
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
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
On 2/13/2018 10:56 AM, Rich Shepard wrote:
Hi all,
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
On Tue, 13 Feb 2018, Adrien Monteleone wrote:
That was quick, you answered your own question with a recommendation from
an accountant in 3 minutes. (at least by my clock)
Adrian,
Well, it was actually longer than that when I came up with the solution
(and implemented it), and a couple of
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
at once?
Or to hold these as deferred and expense them as
Hi all,
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.
Regards,
