Non-Profit
Donated Use of Facilities (Free Rent)
Recording the fair market value of office space provided to the NGO for free by a landlord.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Rent Expense | Expense (+) | 2,000.00 | - |
| In-Kind Contribution Revenue | Revenue (+) | - | 2,000.00 |
💡 Accountant's Note
If a landlord gives you free space, you must record the expense and the revenue at Fair Market Value. This shows donors the 'true cost' of running your programs.
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