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:
| Most Recent FASB Financial Reporting Standards | Earlier FASB Financial Reporting Standards |
|
Illiquid Assets |
With Donor Restrictions |
| Permanently Restricted (PR) | Without Donor Restrictions |
| Temporarily Restricted (TR) | |
| Unrestricted (U) |
Consult with your auditors to determine their preference.
Verify the restrictions in your database by running a Fund Balance report containing the specified fund restrictions.