[GNC] New user - anyone else using GnuCash for PCC (church) accounts? Advice?

[Jim Ziobro]

I handle "Restricted" assets as Equity accounts.  Typically the "Board" designates
the various classes of temporarily restricted, permanently restricted, and unrestricted
assets.  The changes in equity are at the order of the Board.

For example the Board might designate funds restricted to some purpose perhaps
due to some covenant with a donor.  The organization would spend some
money (from an asset account) towards that purpose.  That gets recorded
as an expense.  The Board may then come to a decision that part or all
of that expense goes against the restricted equity account.  At that
point the Treasurer would record a change in equity.

A common mistake is for the Board to specify some restricted equity then
neglect to order the Treasurer to change the equity as the organization
spends towards the restricted purpose.

Ciao,
//Z\\