USING PEACHTREE ACCOUNTING FOR FUNCTIONAL FUND ACCOUNTING
SET UP ACCOUNTS USING DEPARTMENTS FOR FUNDS
Suggestion - Use 8-character account numbers:
nnnnffff where n = account number
f = fund number (or abbrev.)
Make an Equity account (doesn't close) for each fund.
Make one "Current Gain/Loss" Equity account (doesn't close)
(suggestion: 3900)
Make an Income account for each appropriate income for each fund.
Make an Expense account for each appropriate expense for each fund.
Set up an Income/Expense report for each fund.
Post every income or expense transaction to the income or expense
account of the fund involved.
At the end of the month, find out the amount of change in each
fund by using the Income/Expense report.
Make a journal entry to each fund's Equity account for the
amount of change in the fund.
For an increase, credit the fund and debit Current Gain/Loss
For a decrease, debit the fund and credit Current Gain/Loss
In setting up the printed Income/Expense report for each fund,
use the Equity account on the last line, thus providing the
Ending Balance for the report.