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    John Johnb
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    This section provides guidance on estimating the value of non-monetary donations for accounting purposes. Volunteers and donated goods should be assigned estimated monetary values that are entered as both contributed income and line-item expenses, representing the labor or goods being "spent" even though no cash changed hands. Cash expenses such as salaries and rent should also be listed. Total expenses are calculated by adding monetary expenses to the total value assigned to non-monetary donations and services.

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    This section provides guidance on estimating the value of non-monetary donations for accounting purposes. Volunteers and donated goods should be assigned estimated monetary values that are entered as both contributed income and line-item expenses, representing the labor or goods being "spent" even though no cash changed hands. Cash expenses such as salaries and rent should also be listed. Total expenses are calculated by adding monetary expenses to the total value assigned to non-monetary donations and services.

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    10 views1 page

    Budget

    Uploaded by

    John Johnb
    This section provides guidance on estimating the value of non-monetary donations for accounting purposes. Volunteers and donated goods should be assigned estimated monetary values that are entered as both contributed income and line-item expenses, representing the labor or goods being "spent" even though no cash changed hands. Cash expenses such as salaries and rent should also be listed. Total expenses are calculated by adding monetary expenses to the total value assigned to non-monetary donations and services.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    This section estimates the value of non-monetary donations.

    Even if you do not actually pay salaries to sisters or volunteers, you should estimate what you would have to pay them if they were to receive salaries and enter that value both as a contributed service under income and as a line-item under expenses. The idea is that volunteers donate labor to the project which the project then spends like it would spend money. imilarly, a project that received donated medicines would list the estimated value of those medicines as both income and an expense, the idea bein! that the donated medicines are bein! spent like money when they are used to treat patients. Cash Expenses List everything for which you expect to pay in cash over the course of the year, such as salaries, rent and utilities. This sum of these values represents the monetary expenses of your project. Add this value to your total non-monetary expenses to calculate the total expenses of your project. Subtract the total

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