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Join nowWe use the Sales Receipt/Product called "Donations-in-Kind"/Clearing Bank Account approach to record the incoming donation...but then what is the best way to record in-kind gift certificates sold?
I know the best way to record sold in-kind gift certificates sold in QuickBooks Online, @mbgiffin.
To record an in-kind donation, you should set up an income and clearing account for charitable contributions, and create a product or service item for the donations.
Once done, to record an in-kind donation, enter a sales receipt and create a bill for the donation, then mark the bill as cleared. Let me show you how:
Enter a sales receipt:
The next step is to enter a bill:
Lastly, mark the bill cleared:
When it comes to selling in-kind gift certificates received, I highly suggest reaching an accountant. This is to make sure everything is recorded accurately in your book.
For more details, you may also check this article to serve as your guide: Sell and redeem gift cards or certificates in QuickBooks Online.
Feel at ease to let me know if you have other QuickBooks concerns. I'll get back to you as soon as I can. Keep safe and have a blissful day.
Hi, @mbgiffin.
Hope you’re doing great. I wanted to see how everything is going about your concern in recording sold in-kind gift certificates sold you had the other day. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.
Looking forward to your reply. Have a pleasant day ahead!
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