Non-Profit
Membership Dues (Exchange vs. Contribution)
Splitting membership fees between the value of services provided and the purely charitable portion.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 150.00 | - |
| Exchange Revenue (Membership Service) | Revenue (+) | - | 50.00 |
| Contribution Revenue (Unrestricted) | Revenue (+) | - | 100.00 |
💡 Accountant's Note
If a member gets a $50 benefit (like a magazine or club access), only the amount above that fair value ($100) is considered a donation.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.