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http://wandborg.se/ Joar@web - 9 years ago 2013-11-14 17:53:47

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UseCases/FundAccounting.mdwn
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Many non-profits, in particular a
 
[fiscal sponsor](http://en.wikipedia.org/wiki/Fiscal_sponsorship), use some
 
form of [fund accounting](http://en.wikipedia.org/wiki/Fund_accounting) to
 
handle accounting tracking of income and expenses for specific projects, or
 
funds.
 

	
 
In fiscal sponsors, these funds are typically classified by auditors and/or
 
accountants as "temporarily restricted assets", and spending of the assets
 
are governed by a fiscal sponsorship agreement
 
([[see examples below|FundAccounting#Other_Resources]]).
 

	
 
<a id="Fund_Report"></a>
 
## Fund Report
 

	
 
The "fund report" is a shorthand name for a Temporarily Restricted Net Assets
 
Report.  This report shows the temporarily restricted income, expenses and
 
assets.  (An example of such a report can be found on page 6 of
 
[Conservancy's FY 2011 Audited Financial statement](http://sfconservancy.org/docs/conservancy_independent-audit_fy-2011.pdf).)
 

	
 
<a id="Subset_of_the_Books"></a>
 
## Subset of the Books
 

	
 
Ultimately, any account system that truly supports fiscal sponsorship must
 
provide all functions, reports, editing, interaction and viewing to allow a
 
user to view a "subset" of the books that are specific to any given fund.  In
 
essence, the books of a fiscal sponsoring org are proper superset of all the
 
books of its projects.
 

	
 
Thus, an individual project contributor wants to:
 

	
 
- View the books for that project as an independent set, unencumbered by
 
  transactions for other projects.
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