How to Create Receipts for In-Kind Donations in QuickBooks for Nonprofits |

How to Create Receipts for In-Kind Donations in QuickBooks for Nonprofits

Published 03/26/2009 |

I need to create an invoice or receipt for a donor who gave a product in exchange for advertising at a seminar. There was no exchange of funds, and I don't want the transaction to appear as a debit or credit – how? Thanks!

You can create items for in-kind contributions and in-kind expenses, and then use them on a sales receipt (enter the in-kind expense as a negative) to create a receipt with no amount due.

However, you want to be careful not to value a donor's non-cash gift (per the IRS this is the donor's responsibility). So I recommend preparing the sales receipt with detailed descriptions of what was exchanged but with $0 amounts. After printing it out for the donor, you can edit the sales receipt to include the values you (or your CPA) want shown on your financials.

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Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.

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How to Create Receipts for In-Kind Donations in QuickBooks for Nonprofits

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