Can a Net Asset account be used in transactions?
Also described as I want to pay a bill but I don't want to use an Expense, Dedicated, or Liability account, I want to pay it directly from the Fund Balance Account.
- Normally a Net Asset account would not be used on a transaction and we don't recommend doing so.
- Some higher level entities can, and do, prevent Net Asset Accounts from showing on Transaction Entry Screens.
- If you don't have a higher level entity and would like to use your Net Asset Account (not recommended) then you will simply select it on one of the line items of the transaction entry screen.
NOTE: this transaction will NOT show on the statement of activities and may cause budget or other issues.