Products A-Z All Services Can't find what you're looking for? Chat Live!
Products A-Z Can't find what you're looking for? Chat Live!
Can't find what you're looking for? Chat Live!
Yes I do and it has worked very well for me. I keep track of all my restricted operating funds and endowment funds with projects. My funds have different classes so I use the three classes, unrestricted, temp and perm when using projects. It is easy to run reports then, by choosing the class I want to view.
Using classes with projects works the best when your system is set up to require balancing by class.
Becky- Do you have your system set up so that your unrestricted and restricted net asset accounts actually equal their true balance each month? Right now, we do not. I am just wondering whether this is possible, which I assume it is, but I have no idea where to start in correcting this. We have been using FE for over 9 years now. It sounds like we have our restricted funds set up similar to you, we have a separate fund for restricted transactions and use a separate set of project codes.