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The two types of Donations received by Non-profit org. are 1.General Donations and 2.Specific Donations. How and in what way you segregate them?

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/12/06
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Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Earned Revenue        - General

Un Earned Revenue  - Specific

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

They are all general unless they are specified.

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

By maintaining two separate Project accounts in GL, one for general purposes and another for specific causes. This would assist in tracking the movement of revenues and expenses.

Deleted user
by Deleted user

Specific donations: When the donation comes with a specific direction that it shall be used for a specific purpose, say a Corpus Donation, voluntarily given with a specific direction from the person making such donation that it shall form part of the corpus of the NGO and it should not be included to compute the total income of the organization. 

 

All other donations not so specified will then be considered as general donations.

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