Search found 3 matches

by atyron
Wed Sep 26, 2012 11:42 am
Forum: Accounting
Topic: Accounting for donations toward medical expenses
Replies: 8
Views: 5869

Re: Accounting for donations toward medical expenses

That looks like it will do the trick. Thank you for your help! I'll followup on whether or not the donations are tax deductible...
by atyron
Tue Sep 25, 2012 4:13 pm
Forum: Accounting
Topic: Accounting for donations toward medical expenses
Replies: 8
Views: 5869

Re: Accounting for donations toward medical expenses

Donations received by the church will go directly into the member's health savings account; that way the funds are out of the member's hands. They can only access them through their health savings account. If I set this up as a donor restriction within my accounting fund, contributions to a donor re...
by atyron
Tue Sep 25, 2012 1:31 pm
Forum: Accounting
Topic: Accounting for donations toward medical expenses
Replies: 8
Views: 5869

Accounting for donations toward medical expenses

Our church would like to collect donations from individuals who would like to contribute toward a church member's medical expenses for cancer treatment. I am unsure as to the best way to set this up for accounting purposes. I currently use only one accounting fund (a general fund) and one checking a...