Funds are defined by a standard set of restrictions or types called Fund Restrictions. Generally, fund restrictions are set up during your initial implementation and can include the following:
| Earlier FASB Financial Reporting Standards | Most Recent FASB Financial Reporting Standards |
| Illiquid Assets | With Donor Restrictions |
| Permanently Restricted (PR) | With Donor Restrictions |
| Temporarily Restricted (TR) | With Donor Restrictions |
| Unrestricted (U) |
Consult with your auditors to determine their preference.
Verify the IL, PR, TR, and U restriction settings in your database by running a Fund Balance report containing the specified fund restrictions. Donor Restrictions can be verified in Balance Sheets and Income Statements if the Fund Restrictions column option is enabled on the report.