If you are in the US, I suggest treating temporarily restricted funds and permanently restricted funds differently. (I do not know much about church accounting but if you must report to the IRS as a non-profit, your account structure should make this reporting convenient.) If you have several of these I would create a subaccount called Temporarily or Permanently Restricted Funds and put these as subaccounts of that.
Whoever setup the bank accounts for the church may have expected some segregation of funds would be needed so this may already be implicit in the physical setup. In any case because church records are often seen by many (elders, trustees, etc.) I would get the word restricted into the account hierarchy of names. Dale On 12/20/2017 02:04 PM, Matthew Pounsett wrote: > On 20 December 2017 at 14:40, jcnw <jwilsondmar...@gmail.com> wrote: > >> I am setting up our church books on GNUCash and wonder how to handle >> restricted funds. >> For example if a member makes a donation to The Organ Fund >> >> I'd suggest adding it to a subaccount of whatever actual account the funds > are deposited to. > > e.g. Assets:Current Assets:Chequing Account:Organ Fund > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
