User Support Forum

I've got a temporary restriction account for a basement repair project. When I run an income/expense report, it shows the proper restricted income and expense...so far, expense is approx 1/2 the income. However, when I run the cash management report or balance sheet, it shows only $3.48 in the basement repair equity account, when it should be nearly $1700.

Account #s 01-4210-101, 01-4810-101, and 01-5760-101 all close to 01-3210-101. When paying the bills for the restricted account, I did this:

CR 01-1110-000
DB 01-5760-101

(which prompted me to click the release restricted funds button, and that added these)

DB 01-4810-101
CR 01-4999-000
Am I missing something?

No, you're actually doing too much.

Your expense account, 01-5760-101 should close to Unrestricted Net Assets.

The income is what is restricted, not the expense.

If you change the expense account "closes to", I believe it will automatically correct, unless a year-end closing has already gone by, in which case, you will have to make a correction entry.

Thanks John,
That worked just great. I thought I had used the wizard to set that up in the accounting setup, so I'm not sure why it was that way, but the reports are all working just fine now.