The balance sheet shows in Assets the total balance of the checking account, i.e., $2000. In the Equity section in Temporarily Restricted we see that $400 of that $2000 is in the XYZ Fund. The remaining $1600, which is the cash available to the Operating Fund, is lumped in with the Unrestricted Net Assets (i.e., $99,600). Is it possible for the Operating Fund bank balance to show apart from the Unrestricted Net Assets line?
ASSETS
Bank balance $2,000
Buildings $98,000
EQUITY
Unrestricted Net Assets $98,000
Operating Fund $1,600
Temp Restricted Fund XYZ $400
Bank balance on the balance sheet
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Bank balance on the balance sheet
Edward of Baltimore
Using Power Church Pro 11 since 10/2011
Trinity Episcopal Church, Long Green, Maryland
Using Power Church Pro 11 since 10/2011
Trinity Episcopal Church, Long Green, Maryland
Re: Bank balance on the balance sheet
Not in this standard report.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
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JohnDMeyers
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Re: Bank balance on the balance sheet
You can create a separate equity account based on income. If your Operating bank account receives income from a particular Contribution Fund, then instead of having it close-to 01-3110-000, you could have it close-to 01-3111-000 or something. It would still be unrestricted.
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