in kind donations

[Gamma]

Our company rents items. Sometimes we donate these items to charity events instead of charging fee for them. How do I post this correctly in the quickbooks priemer retail edition

[Wartrace]

You could set up a Charity item (other charge) to use on invoices that hits a "charity expense account". On the first line item you record the item you are donating at cost and the second line would be the charity item entered as a matching negative amount creating a zero balance invoice.

Your rental expenses would be credited and your charity account debited. I believe tax rules will not allow you to deduct the profit you would have made for charitable donations so you have to just enter your costs on the invoice for any donations.