For clarification (particularly on balance sheets) "in-kind" is not a blanket term to use whenever there is something exchanged in w/o cash.
There is a critical distinction between donations coming
in to your org, and donations going
out that your org makes.
"In-kind expenses" represent donations coming in to your shop (i.e., they are assets you've received that you would have otherwise had to pay for).
"In-kind donations/contributions" represent donations your shop is making out into the world.
Also, importantly, you can't consider trades to be donations because you have the same on-paper asset value at the end of the transaction.
Cheers,
Clifford McCarten
Co-Director, B!KE: The Peterborough Community Bike Shop
400 Wolfe St, Peterborough ON
K9J 2P3
(705) 748-6681