by Anne Laechel
(Brainerd, MN)
I’m setting up my Chart of Account in Aplos and have A LOT of restricted funds.
I don’t want to set them all up as separate funds, but I’m not sure how I would know the current balance of the fund otherwise.
My current software uses a single account for each fund which records both income and expense.
Would I create a single income account and a single expense account within my new “Restricted Fund” fund, and then redirect my historical data to those accounts and tag each transaction to the appropriate purpose?
I might need to create a new transaction to account for any older transactions we are not importing.
