Owner's capital, grants and related parties

Owner's capital, grants and related parties

Planned: not yet written. Owner: Aaron Tushabe. Trigger: the accountant decides how recoverable grants and family contributions are classified, or the next funder disbursement arrives, whichever comes first.

What we already do:

• Owner contributions, and expenses an owner paid personally, go to Owner's Capital: 3110 (Aaron Tushabe) and 3120 (Hillary Arinda). They're never income and never repaid.
• Grants and donations from anyone else go to 4230 Grants and Donations.

What this page will cover:

• Owner loans, kept separate from owner's capital.
• Recoverable grants (Fundraising Tracker, term sheet): are they a liability or income? Still open.
• Restricted funds tracked by site (cost centre).
• An annual related-party declaration, and the rule that a conflicted owner doesn't approve their own transaction.
• A calendar of reporting due to funders.