Just to say GnuCash could serve churches and other nonprofits much better if Job Costing were supported. And relatedly, more churches and other nonprofits could use GnuCash if Job Costing were supported. Thank you Jacob Oomen for sharing the links to your extensive past work to help accountants for churches, including by linking to the Church of England's guidance about accounting for funds, i.e. https://www.churchofengland.org/more/policy-and-thinking/pcc-accountability-guide/chapter-2 which includes: "In the accounting records this administrative separation to comply with trust law can be done either *by using separate columns in the cash book for the different types of trust fund *or by clearly labelling each entry to distinguish those that are unrestricted and those that are restricted as to capital or as to income or merely designated." Bold emphasis added by me. Job costing is the feature of accounting software that allows for those needed separate columns, one for each construction project of a construction firm, one for each restricted fund or grant of a nonprofit. Multiple columns for the income statement / revenue & costs statement of either. Multiple columns for the balance sheet of the nonprofit. Job costing is among the top wish list I have for what GnuCash might include in the future. --Don Cram
On Sun, Sep 20, 2020 at 10:47 AM Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > > > If one has a lot of separate restricted and/or designated funds it > > must be very difficult to keep track of them all. > > > And don't forget GRANTS. Those are very much like restricted funds if > the money is received ahead of use AND are almost, if not quite as much > work, even when in the form of reimbursement grants << ones where you > track the eligible expenses, prepare a report of those along with > matching receipts/paid invoices to submit to the entity making the grant >> > > With both restricted donations and grants, one of the tasks of the > treasurer, besides tracking how used, may be to track funds at risk of > disappearing if not used according to purpose/time. You board may need > to take actions, including asking the donor or grantor to alter the > restriction conditions, allow a change of purpose or more time, etc. > > Michael D Novack > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > 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 To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
