restricted account

Question

So I have in Quicken set up for a non-profit the checking account amount, then put a sum of money in quicken that is used for a special project above the checking account.

I am now spending the SP monies. Do i show them in my reconciled report? do i have to transfer the amounts into the main account ? if so HOW.

Quicken Anja · Answer

Hello again,

Checking in once more before this thread is closed.

Let us know if you still need assistance.

Thank you!

Quicken Anja · Answer

Hello @Smyrnavfdinc1989,

We haven't heard back from you in a while. Do you still need assistance?

If so, could you please provide the infromation requested by @Tom Young?

Check back and let us know! Thank you.

Tom Young · Answer

I'm not sure I understand your situation, but I think you're saying:

* You have a Quicken file for a non-profit that has one real-world checking account and the balance in that checking account is correct?
* You created another Account in Quicken for a special project and put an amount of money in that account, an account that's not a real world account?
* Now you are spending money out of that special project Account and you want to know how to show that spending?

Maybe you can clarify your situation?

Are we dealing with only one real world account with a correct balance and one fictional account, or two real world accounts?

How did you create the balance in the special account?  Did you just enter that amount as an "Opening Balance" transaction, or did you transfer the money from the one real world account?

If I assume that there is only one real world account and you funded the special account with an Opening Balance entry and now want to show the spending out of the special account, then one approach that would be:

* Record the transactions as coming out of the special account 
* "Transfer" the same amount as the spending from the real world account to the special account.

That would "capture" the transactions you want to present in your spending report and it would keep the real world Quicken Account balance correct and properly reconciled to the real world bank account.