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Comment: restricted/unrestricted giving definitions

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titleFinancials
FinancialsHow to UseVisual
Account Statement

This section of toolbox allows ministry workers to see their monthly account statements. Below is what is included:

  • Giving & Fees - Includes all giving from the previous month as well as the fees pulled from the giving, such as admin
    • Restricted – the donation is made with the understanding that the funds will be used for a specific, stated purpose.
    • Unrestricted – the donation is made with the understanding that the funds can be used for any purpose that the organisation sees fit. 
  • Payroll Expenses - This can include wages, salaries, parsonage, subsidies, medical insurance, 401k, and FICA.
  • Total Expenses and Transfers - Any transfers directly into the account from another Reliant account. 
  • Net Change - This shows the change in the account balance between payroll and giving

It will also include Account Balance and Advances

  • Balance -  Shows the beginning of the month balance minus the net change to show the final account balance for the month
  • Advances -  Shows the list of advances from that month

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