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 communitybikeshop.org 400 Wolfe St, Peterborough ON K9J 2P3 (705) 748-6681