[GNC] Where do 'opening liabilities' go?

Michael or Penny Novack stepbystepfarm at comcast.net
Sun Nov 10 17:49:24 EST 2024


> Have you read the Basics section of the GnuCash Tutorial and Concepts
> guide (https://www.gnucash.org/docs/v5/C/gnucash-guide/index.html)
> .  It is  a basic introduction to the principles of accounting although
> fairly concise.
>
> David Cousens
>
UH .... unfortunately basics not enough for those of us keeping the 
books for non-profits where we often have to deal with restricted 
funds/donations, both as the funds come in and are held as well as when 
restrictions come off when used for their intended purpose.

IF  each restricted fund has its own bank account a little easier but 
often there is just one "other" bank account holding all the restricted 
funds and sometimes in very small orgs, just the one bank account.


Michael D Novack




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