Non-Profit
Release of Net Assets from Restriction
Moving funds from restricted to unrestricted once the project conditions have been satisfied.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Net Assets Released (With Restrictions) | Equity (-) | 2,000.00 | - |
| Net Assets Released (Without Restrictions) | Equity (+) | - | 2,000.00 |
💡 Accountant's Note
This 'reclassification' entry is unique to NGOs. It shows that the organization has fulfilled the donor's wishes and can now 'use' the revenue on the income statement.
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