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    dorsett3160 Posts: 1, Reputation: 1
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    Feb 2, 2014, 03:15 PM
    Draw from cash reserves in a non-profit organization
    We have budgeted a Draw From Reserves due to anticipated shortfall of income versus expenses for current year and will have to make a General Journal Entry each month. The Income from Reserves is an Income Account and I need to know the corresponding Debit account that should be used. I did not know if it should come from Retained Earnings as our Equity Accounts are all Trust Accounts. Help! We are a not-for-profit church.

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