Record donations

1

Please show me how to record inventory donated to a church. Thanks.

2

What do you mean by inventory?

Are the donations of something which will be sold or are they assets which will be held and used by the the church members?

3

Also, please advise whose accounts you are preparing. Is it for the entity that donated the inventory, or is it for the church who received the donation?

4

Thanks for the quick reply.

It’s for our own account. We produce and stock goods. And we donated some of those goods to the church.

Thanks

5

You would enter an inventory write-off. See Write off inventory | Manager. Local law will dictate the account to post the write-off to, whether there are tax implications, etc.

6

Thanks very much