A restricted fund is the term given to duties given to a nonprofit organization for a particular purpose. A church might have restricted funds given to construct a building or give to a particular mission group. Unlike the general funds, which can be used in any area considered necessary through the church, the restricted funds use cannot be changed from the proposed purpose. If you are using the Non-Profit edition of QuickBooks, it's a simple matter of assigning a kind of payment given the title, "Restricted Funds." If you are using the more generic "Pro" or "Premier" versions it's more difficult.
The QuickBooks accounting program includes a "Condense Data" tool that decreases the amount of space data takes up on a computer system through removing any completed, reconciled or cleared transactions and substituting them with a single journal entry for the entire month. While this decreases file size, it also removes details and audit information, leaving only a general summary of the transaction to be corrected.
