Church donations were collected for a specific purpose in 2018 and a Restricted Fund account was set up. The expenses that should have come from this Restricted Fund actually came from the General Fund. So the money is still sitting in the Restricted Fund Account. How do I get it back to the Gen'l Fund? My ideas will cause the money to show up on the P&L, which it shouldn't, right?
Joan T
If I understand, you want to track funds received for a specific purpose without having the hassle of actual separate bank accounts. So you have set up a sub account of the main account in QB and shown those funds deposited into the sub account. Now you just need to change the source bank account on the upper left of the check form from the main account to the sub account whenever you spend any of the restricted funds and this will reduce the balance in that sub account and show when those funds have been used up.
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