Church Use of GNUCash

[Dale Alspach]

If you are in the US, I suggest treating temporarily restricted funds
and permanently restricted funds differently. (I do not know much about
church accounting but if you must report to the IRS as a non-profit,
your account structure should make this reporting convenient.) If you
have several of these I would create a subaccount called Temporarily or
Permanently Restricted Funds and put these as subaccounts of that.

Whoever setup the bank accounts for the church may have expected some
segregation of funds would be needed so this may already be implicit in
the physical setup. In any case because church records are often seen by
many (elders, trustees, etc.) I would get the word restricted into the
account hierarchy of names.

Dale

On 12/20/2017 02:04 PM, Matthew Pounsett wrote:
> On 20 December 2017 at 14:40, jcnw <jwilsondmartin at gmail.com> wrote:
> 
>> I am setting up our church books on GNUCash and wonder how to handle
>> restricted funds.
>> For example if a member makes a donation to The Organ Fund
>>
>> I'd suggest adding it to a subaccount of whatever actual account the funds
> are deposited to.
> 
> e.g. Assets:Current Assets:Chequing Account:Organ Fund
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