On 5/2/19 3:18 PM, Roderick Anderson wrote: > Cryptic enough? :-) > > How should I make entries for club project funds. > > I am the treasurer for a small 501(c)(3). Our income is mainly > memberships (dues), cash donations, and an annual swap meet like event. > > First off I have almost no experience in accounting and mostly > on-the-job learning. I inherited a Quick Books system that I imported > into GNUCash. I've made some modifications to that account structure. > > I am using three Asset accounts. Checking, Savings, and Petty cash. > > I've been asked to track the funding(?) for the clubs main project, > HAM radio repeaters. We paid for them out of checking. Some of it > before I became treasurer. > We are now needing to enhance those systems so we've asked for > donations specifically for this purpose - a Repeater fund. > > So when the funds come in how do I book them? That the right term? > Previously I just deposited the funds to checking. And we used them > as needed though there wasn't enough in the fund so the rest came out > of the checking asset. > > I'd appreciate any suggestions on how to handle this? > > > TIA, > Rod
In addition to the other suggestions, I'd look to having sub-accounts under checking and set flags such that checking includes the sub-accounts in a roll-up accounting. With sub-accounts you could break out the funds held in the checking account for the purposes for which the funds have been reserved. Have fun and 73. --KG7JE -- Stephen M Butler, PMP, PSM [email protected] [email protected] 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
