Sorry this is so long!
I volunteer for a small non-profit and I need a little guidance on setting up their books properly. My extent of non-profit accounting up to this point was the classes I took about 20 years ago, so I've been doing a lot of reading lately.
I'm trying to figure out the entries I would need make to segregate the Restricted vs the Unrestricted Assets.
Assuming that it wasn't previously pledged...just an "out of the blue" donation to our special needs fund.
Money comes in, one set of entries will be against the bank and the revenue accounts.
One entry will stick it in "temporarily restricted" but where would the offsetting entry go?
Thanks, Angela