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Professor

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Since: Jun 25, 2008
Posts: 1



(Msg. 1) Posted: Wed Jun 25, 2008 11:35 am
Post subject: Slightly newbie - Help?
Archived from groups: alt>comp>software>financial>quickbooks (more info?)
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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Since: Jan 15, 2008
Posts: 44



(Msg. 2) Posted: Wed Jun 25, 2008 9:54 pm
Post subject: Re: Slightly newbie - Help? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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) ...

--

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xyz1

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Since: Oct 03, 2004
Posts: 36



(Msg. 3) Posted: Sat Jun 28, 2008 2:11 pm
Post subject: Re: Slightly newbie - Help? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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
"dpb" <none.RemoveThis@non.net> wrote in message news:g3v0hh$kqm$1@aioe.org...
> 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) ...
>
> --
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