[OSGeo Finance] Quickbooks, reserve funds...

[Paul Ramsey]

I think doing this abuses the definition of equity, which is
underlying value of the asset (in this case, OSGeo). But someone
smarter than I can opine better.

P.

On Wed, Oct 15, 2008 at 1:35 PM, Frank Warmerdam <warmerdam at pobox.com> wrote:
> Folks,
>
> Today I received this report from the treasurer of SPI which
> has some similar constraints to us in terms of holding funds
> in trust for subprojects.  I'd like to do something similar
> with a quickbooks "register" for equity associated with
> particular projects.  Does anyone with more accounting savvy
> than me see any particular problem in representing reserved
> funds as a subclass of equity?
>
> Also, Tyler and I are looking into creating a "finance comittee"
> user for quickboooks so anyone on the finance committee can
> dig into the live reports.
>
>
> Balance Sheet as of October 14, 2008
>
>   ASSETS
>     Current Assets
>        Key Business Reward Checking                      17,117.74
>        Key Business Signature Money Market Savings       97,617.96
>        Ameriprise Cash Mgmt Acct                         13,098.74
>
>     Total Current Assets                                127,834.44
>
>   TOTAL ASSETS                                          127,834.44
>
>
>   LIABILITIES & EQUITY
>
>     General and current liabilities                           0.00
>
>     Equity
>        Reserves held in trust
>           Debian Earmark                    67,762.98
>           Drupal Earmark                     2,650.00
>           Freedesktop.org Earmark            2,027.68
>           Gallery Earmark                    4,803.34
>           GNOME Earmark                         20.00
>           GNU TeXmacs Earmark                    9.70
>           Madwifi.org Earmark                  922.03
>           OpenOffice.org Earmark             1,180.52
>           Open Voting Foundation Earmark       392.67
>           Plan 9 Earmark                     6,500.00
>           PostgreSQL Earmark                13,778.44
>
>        Total held in trust                              100,047.36
>
>        General reserves                                  27,787.08
>
>     Total Equity                                        127,834.44
>
>   TOTAL LIABILITIES & EQUITY                            127,834.44
> --
> ---------------------------------------+--------------------------------------
> I set the clouds in motion - turn up   | Frank Warmerdam,
> warmerdam at pobox.com
> light and sound - activate the windows | http://pobox.com/~warmerdam
> and watch the world go round - Rush    | Geospatial Programmer for Rent
>
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