General
Release of Restricted NGO Funds
Moving funds from 'Restricted' to 'Unrestricted' revenue after project milestones are met.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Temporarily Restricted Net Assets | Equity (-) | 5,000.00 | - |
| Unrestricted Revenue / Net Assets | Revenue (+) | - | 5,000.00 |
💡 Accountant's Note
In Non-Profit accounting, once you spend money on the specific purpose the donor requested, you 'release' that amount from restriction to show it has been used.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.