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 used? Or even to accept them as ‘revenue’ and later deduct them against matching expenses? Just curious. Overall, I think I see where she’s going, I just want to understand the advice better. Regards, Adrien > 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. > > Rich > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > 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 If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
