These are all blocked. They are balance sheet accounts on the right hand side of the equation (assets = liabilities + equity), therefore they are normally credit balance accounts. They are the M.I.T. equivalent of equity (profit world) or fund balance (government world).
The way these were suppose to work is that expenses and revenues were suppose to close to either Unrestricted, Temporarily Restricted or Permanently Restricted Net Assets. But it was configured incorrectly(?). Profit/Loss G/L accounts configured to close to mostly Unrestricted Net Assets. That is because a G/L Account such as Faculty Salaries can be both restricted and unrestricted depending upon the Cost Collector. What was the best way to configure this? Was it possible to configure it differently?
