“So, this will apply for services rendered by a vendor, for instance, labor?”
It applies to Any Donation in Kind:
They gave you Value.
You “purchase” the service, the supplies, the rent, the new asset, whatever, as if you are using Real Money; but you are not using Real Money. You are using […]
Resolution for 'Clearing Bank value issue: 'How do I set up in-kind donations?' available: Yes.
The Clearing Bank value issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Clearing Bank value issue yourself by looking for a resolution described in the article. If it is a complex Clearing Bank value issue or you are unable to solve the issue, you may contact us by clicking here or by using other Clearing Bank value support options.
For more information about resolving issues related to Clearing Bank value in Quickbooks/QBO or to get support for the issue 'How do I set up in-kind donations?', click the link below: