On Thu, Dec 21, 2017 at 9:44 AM, Mike or Penny Novack < stepbystepf...@dialup4less.com> wrote:
> > PS: The strictly proper method of having a liability "donor restricted > funds" can ALWAYS be used. I have restricted funds in my personal accounts, and I thought the "correct" way to deal with this was Asset subaccounts. For several reasons, this was unsatisfactory, and pushed me to the discovery of using a liability to represent the encumbrances. I always thought it was hacky because that's not what others said to do, but it solved a number of issues for me very nicely. My question: can you say more about using a liability (rather than asset subaccounts) for restricted funds? Perhaps a link or two, or (ideally) a reference to some gaap? That would be excellent! Thanks for your continued enrichment of the public at large through the gnucash-user mailing list. You are a tremendous resource. _______________________________________________ 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.
