Using classes to track temp restricted and unrestricted assets, How do I generate SoIE and SoFP reports which show 'temp restricted assets released from restriction'?

Greetings All,

I have followed Kathy Ivens' "Quickbooks for non-profits" guidelines regarding tracking temp-restricted vs. unrestricted net assets.  However, I have run into a problem when it comes to generating useful reports.  Basically, I can't find anywhere in the reports (namely the statement of I and E, and the statement of financial position) where it lists 'temp restricted assets released from restriction'.  How do I do this?  The SoIE shows net income in distinct classes of temp rest and unrestricted, but without showing temp rest assets released, the reports are not accurate.

I found an explanation which involves 2 general JEs for each deposit or invoice- one involving debiting and crediting the equity accounts (for the SoFP) and another for debiting and crediting income accounts (for the SoIE).  The link for this explanation is here: http://www.judyjonescpa.com/images/Restricted_Funds_-_Using_QuickBooks.pdf

This seems like a huge amount of work, as I would have to do many JE's myself.  Also, it doesn't seem straight-forward.  Iven's explanation of tracking assets through classes is incomplete at best, and I am stuck half-way between trying to track with classes (which I can't get to generate proper reports because there is nowhere which describes release of temp restricted assets) and trying to track with sub-accounts, which (again) without proper explanation in Iven's book, is over my head.  Any help would be greatly appreciated.


Thanks in advance,


- Justin

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