Hello @HCEO,
Thank you for posting here in the Community. I can share some information about tracking restricted grant balances in QuickBooks Online.
The way data reflects on reports depends on how you enter the restricted grants. Right now, a direct method to enter them into the system is unavailable.
However, there are three workarounds users use to track the data in QuickBooks. You can use the option that works best for the charity.
To track restricted grant balances, you can either:
The other key piece that is reflected on the financials is the receipt and release of restricted funds. You can use Class to capture how much came in with restrictions and how much has been released (P&L), as well as the balance of restricted net assets and whether those are cash or receivable (balance sheet).
I still recommend seeking expert advice from an accountant. They can provide additional guidance about how to handle restricted grants and ensure your books are accurate and error-free.
Additionally, I recommend visiting the following article to learn how to convert a sub-customer or transactions into a project in QuickBooks: Change sub-customers into projects.
Drop me a comment below if you have any other questions about tracking transactions for the charity. I'll be happy to help you some more.
