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Accounting
Paul Sprague
Treasurer, CPA
Asked a question 6 days ago

Hello, I assist a few churches in setting up and maintaining their Realm and I often see a difference in how restricted accounts (i.e. Organ Fund) are set up. I commonly see them in the Net Assets section where users enter income and expense into the same account. However, I feel separate income and expense accounts should be set up, then I put each restriction (i.e. Organ Fund) into its own Ledger Fund so I can generate a Trial Balance by Fund report that gives me a mini-TB for each Ledger Fund. Then, I can see how much is in the checking account, income and expense for the Organ Fund. I find this works well, but wondering if this is the preferred way for Realm? Thanks!!

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