Reserve Fund accounting
I have a reserve fund which sets aside money specifically for repairs and maintenance to community amenities. This is currently set up in QB as a long-term liability. When an expense occurs, I run it through a sub-account so it only shows up on the balance sheet. At year-end, the total fund amount plus any income and expenses for the year, is shown at the bottom of the P&L. Since this money is separate from the operating budget I don't want it to show on our monthly P&L. Is this okay or is there a better/correct way to do these entries?