- Joined
- Jul 8, 2019
- Messages
- 6
- Reaction score
- 0
- Country
There seems to be some confusion with our accounting group and our Board with regards to transactions relating to our Endowment Fund. Each month we record the interest/dividends and any realized/unrealized gains. We are taking a Board authorized draw against the EF and management thinks this draw should be recorded as income; however, isn't just a balance sheet transaction with no PL effect?