My nonprofit received a grant in the form of a check. It was deposited into the checking account and put into "Non-government grants" income. I need to put this money into a dedicated fund, but I still need it to show up in the grants income account as well. Is it possible to have the money visible in two different accounts? I spoke to an accountant who said to create a journal entry that transfers the money from the checking account to the dedicated funds, but that doesn't work because the money is still in the checking account.
