Rainflurry
Level 15

Account management

@BoosterMom 

 

You can't record these as liabilities if they aren't legally restricted funds.  When you receive funds that are not legally restricted funds, they should be recorded as income, not a liability.  You can, however, earmark them by creating separate sub-accounts under your bank account to show how they are allocated and then deposit/transfer them into their respective sub-account in QB.