Every restricted dollar, accounted for.
VelocityERP tracks restricted funds, releases them as you spend, and produces a restriction rollforward that ties to the ledger without a single adjusting entry. Built on FASB ASC 958 and 2 CFR Part 200.
Income and expense$651,000
IncomeExpense
Released this year$184,200
Still restricted$412,860
RollforwardTies to the ledger
Figures shown are an illustration, not an account.