Intermediate

Nonprofit: Restricted vs. Unrestricted Funds

Manages the release of assets from donor restrictions.

Act as a Nonprofit Controller. Record a {grant_amount} grant that is 'Purpose Restricted' for {program_name}. When {spent_amount} is spent on qualifying expenses, draft the journal entry to 'Release Assets from Restriction' and show the impact on the Statement of Functional Expenses.

Related Prompts