How do I record in-kind made transactions?

In-kind contributions can be tricky. There’s a lot of subtlety. In ISP, you won’t find an in-kind contribution type. We wanted to make the system as simple as possible and be usable across filing agencies. But, you can record these transactions very easily. Just add support/oppose to the bottom of the transaction.

When it comes to recording in-kind contributions made in ISPolitical, ask yourself one thing: can I find a receipt? This isn’t 100% foolproof, but it does give you the gist. It’s a question of whether you’re paying money or giving a service or good (for which you cannot find a transaction) in support (or opposition) of another committee.

If your committee pays for a Kiss cover band to play at another committee’s fundraising event, record that contribution as an expense. Then click the “Support/Oppose” button at the bottom of the transaction and fill out the other committee’s details.

If my committee has a bunch of Kiss masks sitting in storage, can’t find any recent transactions showing their value and gives them to your committee, record this as a non-monetary expense. This type of in kind contribution made is exceedingly rare because treasurers keep receipts for everything and can almost always find it. Our scenario probably only works because whoever bought the Kiss masks doesn’t want to admit the deed and threw the receipt away long ago (probably also doctored the Visa bill).

EXAMPLES!!

Expense Support/Oppose: My committee will buy these yard sign stakes for your committee. My committee records as an expense in support of your committee.

Non-Monetary Expense: My committee gives you these yard sign stakes. My committee records a non-monetary contribution in support of your committee.

Expense Support/Oppose: My committee will pay a Kiss cover band to play at your committee’s event. My committee records as an expense in support of your committee.

Non-Monetary Expense: My committee will let your committee use our office. My committee records a non-monetary contribution in support of your committee.