> Free tool: enter a month of inKind activity and get balanced journal entries for funding, redemptions, tips and promo expense, plus a statement reconciliation. Free Tool # inKind journal entries, done for you Enter one month of inKind activity. Get balanced debits and credits for funding, redemptions, tips and promo expense, and see whether your books tie to inKind’s statement. ## 1. Your inKind deal Cash inKind paid you *$* Face value of credits issued *$* Discount rate *%* Calculated from the two numbers above. Change it only if your agreement states a different rate. ## 2. This month’s activity Month inKind funded us this monthCheck this only in the month the cash arrived. Food & beverage sales paid with inKind *$* From your POS inKind tender report. Sales tax on those sales *$* Tips on inKind checks *$* Net tip deposit from Stripe optional *$* The difference is booked as the Stripe fee. ## 3. Balances to check against inKind Credit Liability at start of month *$* Per your books. Leave at 0 for the first month. Contract balance at start of month optional *$* Leave blank to estimate it from the liability × discount rate. Outstanding credits per inKind’s statement, end of month *$* Auto true-up differences up to *$* Anything larger gets flagged to investigate instead. Match your chart of accounts (optional) Rename the accounts and add your account numbers. The entries and the CSV use what you enter here. Everything is calculated in your browser. Nothing you type is saved or sent unless you use the form below. ## 4. Your journal entries ### Balances at month end inKind Credit Liability Contract (promo cost still to expense) Net inKind Credit Liability Real cost of the deal ## Good to know - **inKind cash is not revenue.** It’s a liability, like a gift card, until guests redeem the credits. - **The discount applies to food, beverage and sales tax, not tips.** That’s why promo expense here is calculated on sales + tax only. - **You still owe the state the full sales tax** on every inKind check, even though you were paid at a discount. That pushes the real cost above the headline discount. - **Reconcile every month.** Your inKind Credit Liability should match the outstanding credits on inKind’s statement. Small differences get a true-up. Large ones need investigating, not adjusting. - **Audited financials?** You may also need imputed interest on credits unredeemed past a year, and breakage on credits that will never be used. This tool doesn’t calculate either. Full walkthrough: [inKind for Restaurants: How to Book It Without Blowing Up Your Financials](https://www.useforcs.com/blog/inkind-for-restaurants-how-to-book-it-without-blowing-up-your-financials/) For education only. Not accounting, tax or legal advice. Confirm entries against your inKind agreement and statements. inKind is a trademark of its owner; FORCS is not affiliated with inKind.