Restricted Gifts

When restricting a gift for purpose we have given this its own fund code since this typically means the GL too will differ from the Unrestricted gift.   These purpose restricted gifts can be time restricted through the use of the GL restricted accounts. 

i am just looking for a little insight into entering restricted gifts.  My problem is that all i seem to see with Tessitura is gifts that are restricted by time.  We just came up with a fund that is not restricted by time but by purpose.  Basically, at the discretion of our CEO money in this fund can be released for use.  There is no end date that this will take place by or anything so i am a little confused as to how to enter such gifts.  Also, we have funds called Individual Temp Restricted and such set up but is this even necessary.  Couldn't i just put the money in the appropriate fund it will eventualy need to be moved into out of the Individual Temp Restricted and just use the restriction tab instead of manualy having to remember where it is going to go.  I ran into this problem last year when we were getting gifts for this year but still during the previous fiscal year.  I put them into the Individual Temp Restricted fund and when the new year began had to back them out of that fund and redeposit them into thier correct funds. 

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When restricting a gift for purpose we have given this its own fund code since this typically means the GL too will differ from the Unrestricted gift.   These purpose restricted gifts can be time restricted through the use of the GL restricted accounts. 

i am just looking for a little insight into entering restricted gifts.  My problem is that all i seem to see with Tessitura is gifts that are restricted by time.  We just came up with a fund that is not restricted by time but by purpose.  Basically, at the discretion of our CEO money in this fund can be released for use.  There is no end date that this will take place by or anything so i am a little confused as to how to enter such gifts.  Also, we have funds called Individual Temp Restricted and such set up but is this even necessary.  Couldn't i just put the money in the appropriate fund it will eventualy need to be moved into out of the Individual Temp Restricted and just use the restriction tab instead of manualy having to remember where it is going to go.  I ran into this problem last year when we were getting gifts for this year but still during the previous fiscal year.  I put them into the Individual Temp Restricted fund and when the new year began had to back them out of that fund and redeposit them into thier correct funds. 

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!