User Support Forum

Thank you! Yes- I am putting it down under retirement expense and your example makes sense. I guess retirement expense would only be used if we were matching, etc....

Anyway, should I reverse the Jan transactions that I manually did the other way? I guess I probably know the answer...

I am trying to set up payroll for our pastor. For Jan/Feb I manually entered each transaction as follows: CR Checking Account 652.16 DR SP Salary 652.16 CR Retirement withheld 100.00 DR SP Retirement 100.00 Here's the thing- each pay period is actually 752.16 but we have to withhold 100 of it for pe...

OK got it- we were using different terminology which is clear now. Thanks again for your help!

Thank you- I see the Net Assets. I think this is why I was confused in the first place- I don't see any other equity accounts. I think that these were supposed to be set up automatically? Could I have messed something up with this in the setup? The only liability (with a possible beg. balance) that ...

We are setting this up for the first time. The system that we (are)/were using is disorganized to say the least. Anyway, we have set up the chart of accounts and have been posting contributions and some journal entries. However, when we set everything up initially, beginning balances were not availa...