Slightly newbie - Help?

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Subject Author Date Slightly newbie - Help? Professor 06-25-2008  Re: Slightly newbie - Help? dpb 06-25-2008  Re: Slightly newbie - Help? PT 06-28-2008
Posted by Professor on June 25, 2008, 2:35 pm Please log in for more thread options 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) Posted by dpb on June 25, 2008, 10:54 pm Please log in for more thread options Professor wrote: ... > 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. ... That's not a QB question, that's a question of finding out what the asset actually is (or was) ... -- Posted by PT on June 28, 2008, 5:11 pm Please log in for more thread options 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 . http://www.christianitytoday.com/yc/2006/004/8.38.html http://www.qfixsoftware.com/WPaper.aspx -- PT > Professor wrote: > ... >> 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. > ... > > That's not a QB question, that's a question of finding out what the asset > actually is (or was) ... > > -- Similar Threads Posted Slightly OT: 3rd party Point of Sale software that works well with QB? October 29, 2008, 8:21 am Please help QB newbie get off on the right foot July 3, 2006, 10:41 pm newbie QBKS Pro 2008 January 22, 2008, 9:58 pm Basic newbie question June 27, 2008, 5:44 pm Newbie undeposited funds question February 18, 2008, 10:04 pm Newbie Q? - How to interact with accounts "outside of the quickbooks world"? March 21, 2007, 1:01 am