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These should be kept under a separate Equity account for tracking. Interesting - I haven't seen any examples of breaking the equity accounts like this and in fact is the first time I've seen a reference to segregating the Net Assets by liquidity type. Let me clarify -- I've always separated Assets ...

Thanks for the reply, and what you say makes good sense. Unfortunately I think I led us too deeply into the weeds and in the wrong direction and we've missed the point of the original question so I'll restate it a bit differently. The Net Assets portion of the Balance Sheet tells you how much is in ...

Thanks for the reply! I think I understand the process setting up the donor restrictions and releases, but the documentation is very short of coherent examples using consistent accounts. Additionally, most PC+ documents don't reflect the changes from FASB ASU 2016-14. I know it only applies to "exte...

What is the recommended best practice in setting up an asset account that contains money with several designations? Is this a case where sub-account codes should be used? I'm not seeing any good examples in the Powerchurch documentation. For example - a savings account (or a CD) containing funds tha...

We use the Account Activity Report for that. We have several Funds so we run it once for each fund for clarity but you could also run it once combining all funds.

I mis-spoke - we DO give them that report but we also send the Journal Report which I think is more what you're looking for

We use the Account Activity Report for that. We have several Funds so we run it once for each fund for clarity but you could also run it once combining all funds.

Eric

We're on Version 14.4 The accounting that is being generated when I select Release Restricted Funds on invoices is not correct. I know I haven't set something up right, but I need insight into what I'm missing. Our data is old, we've been using PC+ for many years so we're always making minor changes...