Am I closing to the correct account?

[Classicaltutor]

I needed to create a new account in our chart of accounts for Youth Camp. Does this look correct?

Youth Registration Income-4860-001
Restricted Expenses- Youth Registration's 5860-001
Youth Camp Expense-5120-002

They all close to an equity account- Youth Registration 4860-001

I know I need all income and expenses from these accounts tied together so that when I run an income and expense report it shows me activity between these accounts. Am I correct in having them all close to the same equity account?

[NeilZ]

I needed to create a new account in our chart of accounts for Youth Camp. Does this look correct?

Youth Registration Income-4860-001
Restricted Expenses- Youth Registration's 5860-001
Youth Camp Expense-5120-002

They all close to an equity account- Youth Registration 4860-001

I know I need all income and expenses from these accounts tied together so that when I run an income and expense report it shows me activity between these accounts. Am I correct in having them all close to the same equity account?

Um ... you sure that's the number for the net assets (equity) account ?? Is this is a Donor Restricted fund? What are you using for the release account ??