[GNC] Where do 'opening liabilities' go?

[David Cousens]

Michael

It may be an appropriate time to add to the guide or the wiki a section
specifically dealing non-profit accounting and issues like restricted
funds. That is likely to be a significant part of the GnuCash user
base.

David Cousens

On Sun, 2024-11-10 at 17:49 -0500, Michael or Penny Novack via gnucash-
user wrote:
> 
> > 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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