Restricted funds - funding not aligned with management structure

Hello Mrachelcooper, 

Thanks for reaching out to us on the Community page, 

In regards to your restricted funds accounts that are created for charities, you  can also create these accounts themselves in quickbooks in the chart of accounts section, but there isn't any specific functionality for this in the Quickbooks product.

There may be a 3rd party app that can help, but we wouldn't be able to say which ones to use. 

We welcome any Community users who have had a similar issue to comment on this post. 

Thanks Ashleigh - I am aware that we are trying to tag transactions with quite a lot of data.

The thing is - I don't want to create it in Chart of Accounts because that will limit my reporting functionality - I want to be able to run a Statement of Financial Activities by Grant, or by Team, setting expenditure directly against income and I can't see how I'd do that if I set up the grants as a list of accounts in the chart of accounts.  Am I missing something?

Thanks

Rachel

Hello Rachel, 

In quickbooks, the closest function we have for what you are wanting to do is called class or location, however this is only available in our plus product of quickbooks.  We do not really have the functionally for activities by grant or team directly. 

I am hoping this link will help you with your query. 

https://quickbooks.intuit.com/learn-support/manage-stock-and-projects/misc/02/uk-manage-stock-and-pr...