Spending money from equity account
Hi, We received a bequest in a previous FY that was recognised as income in the year it was received, and then put into a reserves equity account at EOFY. We are now spending the money (under a job ...
Forum Discussion
Hi MishPony.
Thank you for your post, and I apologize for the delay in our response.
I understand your need to ensure that transactions from the allocated amount from the equity account are recorded accurately. However, providing an answer to this question would be considered financial advice, which as moderators, we are not permitted to give. I would recommend consulting with an accountant or financial advisor for assistance.
In the meantime, if you have any other questions or need further assistance, please feel free to create a new thread.
If my response has answered your inquiry, please click "Accept as Solution" to assist other users find this information.
Thanks,
Genreve
