Accounting for Nonprofits

Re: Accounting Policy - Restricted Assets

Dina Tsourdinis — Fri, 10 Apr 2009 19:50:31 GMT

Hello Alice,

You can set up the restricted funds as "Projects" within Financial Edge. This works very well for us. Projects allow you to post both revenue and expense and you may create an income statement by project code.

Accounting Policy - Restricted Assets

Marc Nicolet — Fri, 01 Feb 2008 01:46:46 GMT

We prepare budgets for most of our restricted funds. Some of the funding sources will allow indirect costs and some will not. Of course, they all love to require matching funds that somehow always seem to catch all the overhead. If we have a donor that came in from some general fund development effort that also lists a restriction, we will honor that and not charge anything except direct services to those dollars. When we fundraise, we always include a check box that suggests the dollars go to our greatest need. So far we have not had a problem doing this. I do think that if you are going to hit all funds with some sort of indirect charge, you must disclose it.

Accounting Policy - Restricted Assets

Alice Bernardi — Wed, 09 Jan 2008 22:24:17 GMT

Hi - my name is Alice and I have posted here before... I'd really be interested in getting your opinion on this - do you have an organization accounting policy/list of procedures you follow when you receive restricted donations? (something that includes for instance a management fee you deduct from the donation if any, or any procedural steps you take when you receive/post these donations) I looked in the client documents section of the Blackbaud website but did not find anything on that... appreciate any feedback/recommendations - I can also be reached at [Email Removed] thanks! Alice