Tracking In-kind Donations
In-kind donations (a.k.a gifts in kind) refer to the monetary value of donated goods or services. Another organization, business or an individual may provide in-kind contributions.
Examples of in-kind gifts:
Goods: such as art supplies, furniture, paper, computers, food, building materials etc
Services: meeting or office space, construction or building labor, and administrative/financial support
Expertise: bookkeeping and/or accounting services; legal, tax, or business advice; or marketing, search engine optimization, or social media development
Step-by-step guide
Typically, you will setup in-kind revenue and expense accounts that mirror the types of donations your organization receives