When I asked this question a couple of years ago there were quite a few
suggestions. (Someone better versed in listserv could probably find this,
but I can't.)
The solution that seemed most straightforward and workable to me was:
- Assign each discrete fund a currency code
- assuming these are free text, this could be a TLA that matches the
name of the fund well, but it's possible the real-world
currencies are the
only options, so you'd have to approximate and keep an index.
- Set the exchange rate at 1:1
- Your funds report is the balance of each "currency" at any given moment
I'm sorry I'm still not a real-life GnuCash user, so can't comment on this
solution from experience, but it looked like a good solution to me - as
secretary/treasurer of an unincorporated charity in the UK using Excel
currently. (Which on <20 transactions per month I find perfectly usable -
DM me for more on that if you like, or find your way to
smallcharitysupport.uk)
On Sat, 25 May 2024 at 21:14, Chris Green <c...@isbd.net> wrote:
> I am the treasurer of a very small parish church council in the UK.
>
> We have to present separate accounts for restricted and unrestricted
> accounts, this is a legal requirement and also required by our diocese.
>
> At the moment restricted funds are, basically, building funds and are
> kept in an interest paying savings account. The unrestricted funds
> are kept in a bank current account.
>
> My problem is that many donations to the restricted account (e.g.
> donations that the donor has specifically said must be for repairs of
> the church roof) go into the bank current account and have to be
> transferred from there to the building society account.
>
> For the last couple of years I have separate GnuCash data for the
> current account and the building society account, this has worked
> reasonably well. However we are now moving into a period of getting
> the roof repaired and much more money will have to move via the
> current account.
>
> So, how should I deal with this using GnuCash? I can see that I could
> separate accounts into two hierarchies (in a single database) -
> restricted and unrestricted with expenses and income for each, etc.
> However is it then possible to present separate end of year statements
> for them? This would simplify incoming donations which are all to a
> single bank account.
>
> Or are there other strategies which work better for this sort of
> situation?
>
> I emphasise that this is a small church, annual income is only of the
> order of £5000 and we have no full-time or paid employees. So the
> solution has to be simple and manageable by part-time,
> non-professional people.
>
> --
> Chris Green
> _______________________________________________
> gnucash-user mailing list
> gnucash-user@gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
