Non-Profit
Donation Restricted for Specific Project
Recording cash received that is legally restricted by the donor for a specific program or purpose.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash (Restricted) | Asset (+) | 5,000.00 | - |
| Contributions Revenue (With Restrictions) | Revenue (+) | - | 5,000.00 |
💡 Accountant's Note
Under FASB/IFRS, you must track restricted revenue separately to ensure the money is only spent on the donor's specified project.
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