Does Church360 Ledger have dedicated accounts?

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If you're a user of Church 360Ledger who is coming from Shepherd's Staff, you may be wondering what you can use for dedicated accounts. Church 360Ledger does not use dedicated accounts, but instead, uses what's called restricted accounts. These accounts are directly tied to your asset accounts, and are a "restricted" portion of that asset account. When you make a restricted account on an asset account, automatically, a new account is created called "Unrestricted (Asset Account Name)". This is the portion of your asset account that is not tied up in a restricted account. 

You can use these restricted accounts in place of an asset account when you do a transaction if you want to draw off of the restricted portion of the money. You do still need to use income and expense accounts, however, when running a transaction from a restricted accounts, as it is now acting as the asset you are adding to or drawing from. If you want to use the unrestricted portion of your asset account, use the "Unrestricted (Asset Account Name) account as your asset.

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  • Not answering my question. I still do not understand the Restricted income I record it as income but it is not showing up as in increase to the Asset Restricted Funds. Do I have to do a JE to taking it from Unrestricted Asset Account and increase my Restricted Funds Account?

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  • I too would like to mimic Dedicated accounts using Asset accounts.
    Please describe in detail the three accounts required.
    Please provide examples of using those accounts for the following situations.
    1) using the asset account to pay an non-budgeted expense (no impact on income/expense) reports.
    2) using the asset account to pay a budgeted expense, The budgeted expense is still listed on the report but not affecting the expense total.

    thank you

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