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Ring fencing funds

  • Member PM.Dip
  • Practice Licence
  • 137 posts
  • # 115849

Hello All,

I have a client that has been gifted some funds, on the condition that they are used to maintain a vehicle, and I am trying to find the best way to record this in Sage.

At the moment my best idea is to record the income against a department, and then when any money is spent on the vehicle it is recorded against that department too.  This allows me to run a P&L report on the department to see what the balance of the funds are.

Does anyone see a problem with this approch, or do you have a better idea.

Thanks for any help

Torben

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