Writing off inventory for donations.
Ensure you have an expense account created for donations.
Create a supplier called Donations.
Create a negative purchase order using the donations supplier.
Create a journal entry crediting inventory and debiting the donation expense account.
Video source: speedy:writingoffinventoryforcharitydonations1010140832.flv
Created by Sharon Brum at 10/14/2010 8:32:57 AM