[OSGeo Finance] Quickbooks, reserve funds...

[Ken Tamura]

You can reclass the bank account cash to on on new account called 'restricted cash' for individual transactions.



Best regards,

Ken Tamura
Geospatial Solutions
415-507-8313  work
415-299-1704  cell

----- Original Message -----
From: Tyler Mitchell <tmitchell.osgeo at gmail.com>
To: Ken Tamura
Cc: 'pramsey at cleverelephant.ca' <pramsey at cleverelephant.ca>; 'finance at lists.osgeo.org' <finance at lists.osgeo.org>
Sent: Wed Oct 15 22:30:59 2008
Subject: Re: [OSGeo Finance] Quickbooks, reserve funds...


On 15-Oct-08, at 10:11 PM, Ken Tamura wrote:

> If the other side of income is based upon the invoice then its
> recorded to receivable.   Then when cash comes in you record cash
> to restricted cash and you reduce the open recievable.

Yes, the other side is based upon invoices and recorded as
receivables.  When we receive payments they tracked against the
invoices, receivables are reduced, but at this point the come in
through the existing bank account.  So I guess something have to
change at this point.