Restricted funds is the term given to monies given to a nonprofit organization for a specific purpose. A church may have restricted funds given to construct a building or give to a specific mission group. Unlike the general funds, which can be used in any area deemed necessary by the church, the restricted funds use cannot be changed from the intended purpose. If you are using the Non-Profit edition of QuickBooks, it’s a simple matter of assigning a type of payment given the title, “Restricted Funds.” If you are using the more generic “Pro” or “Premier” versions it’s more difficult. Writer Bio
