For your scholarship you may want to setup a net asset account that's separate from your organization's general operating funds net assets. To go along with the scholarship net asset account would also be separate income and expense accounts that close on that scholarship net asset. This is how you keep a clear balance sheet / statement of financial position with commingled funds so you don't need to create separate bank accounts.
Edit: I haven't used gnucash but sometimes terminology between profit vs nonprofit is different. Non profits generally say "net assets" for these separate funds but for profit the equivalent would be an equity account.
Edit: I haven't used gnucash but sometimes terminology between profit vs nonprofit is different. Non profits generally say "net assets" for these separate funds but for profit the equivalent would be an equity account.
Statistics: Posted by MrJedi — Fri Aug 30, 2024 8:00 pm — Replies 8 — Views 587