Definitely talk to a local CPA on this.
Materials and services which would otherwise have to be purchased by the
ministry are generally recordable by both entities. However, the services are
possibly not (at least in the US) deductible. If you regularly produce these
materials for other
What I do is record a debit to charities expense, and a credit to my own
expenditure. For example, if I do a mailing and use my personal stamps,
I debit Charities and credit Stationery. If I drive, I debit Charities
and credit Car Running Expenses.
--
Regards,
Stan Brown
Tompkins County, New
On Sat, 30 Jun 2018, Mike or Penny Novack wrote:
The proper way is the way your tax lawyer/accountant tells you to. Once THAT
has been settled, we can then tell you "how in gnucash".
FWIW, I make non-cash donations to Goodwill several times each year. What
I did (and my accountant confirmed
On 6/30/2018 3:10 PM, Eric H. Bowen via gnucash-user wrote:
I performed some design work and provided custom-printed envelopes and
materials for a local 501c3 charitable ministry. I am not charging them
money for the items, but I would like to receive credit for their fair
market value as an
I am not an accountant, so this is not an official recommendation. When I
make a contribution to a qualified charity, I put the acknowledgement in a
folder to hand to my accountant at tax time. In GnuCash I enter a
transaction to record the transfer of some (usually) cash asset to
Charity. For
I performed some design work and provided custom-printed envelopes and
materials for a local 501c3 charitable ministry. I am not charging them
money for the items, but I would like to receive credit for their fair
market value as an in-kind charitable donation. The ministry's treasurer
said to
