Slightly newbie - Help?

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- Professor
  
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posted
15 years ago

Wed, Jun 25, 2008 6:35 PM

I recently turned over Treasurer duties for a Union Local and we're working together to turn out an annual report. He updated to QB 2008 - Canadian version and after some problems got it installed and all the data from the financial year is there.

In a Profit & loss report, there is an amount called "Unrestricted Net Asset" We tracked it down to something that was done even before data for the time period was entered.

Any help for more experienced users would be greatly appreciated.

Professor (of nothing in particular.... especially QB)

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- dpb
  
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posted
15 years ago

Thu, Jun 26, 2008 2:54 AM

Professor wrote: ...

...

That's not a QB question, that's a question of finding out what the asset actually is (or was) ...

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posted
15 years ago

Sat, Jun 28, 2008 9:11 PM

It's a term from fund accounting for non-profits. In general, it's a component of what we call retained earnings for a profit seeking organization. Your RE is subdivided into "Permanently Resticted", "Temporarily Restricted", ands "Unrestricted" net assets, based upon the restrictions set up either by the organization, or by the donor of the corresponding assets.

You can use Google to look for help on "fund accounting" and restricted funds. I found these two which describe the arrangement .

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