Restricted -> Unrestricted

First Finance dept can tell better how they want things set up

Future/Current pertain to receivables --- Current is usually items to be paid in the next 12-14 month and Future is greater than that

Restricted/Unrestricted  -- There are two ways to restrict a gift Purpose and Time.   Generally Purpose is handled by setting up a separate fund code with a matching GL.    Restricted GL is used to Time restrict a gift for use in another season.     So say you got a New Production gift of 250K for something next year – you would post it using the New Production fund code but you would also restrict to until next year.  The result on the posting batch is the Revenue for this year is $0 and the temp restricted GL has the value of 250K.   Beyond that talk to your Finance dept. 

2 quick questions!

I was having a fabulous in time in Test, trying out the Restricted to Unrestricted features.

- Currently, we have the same GL codes for Restricted AND unrestricted in each fund.  What difference does this make?  I noticed all the Tessitura documents said they should be different...

- Out of curiosity, what is the difference between restricted/unrestricted and future/current?  What do all of you use each one for?  (I noticed there is only a tab for restricted gifts in Contribution entry...)

Thanks in advance for all of your help!

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