User Support Forum

Thank you so much

We had checking account #2 AND it was entered into PCP at set-up. At set-up it was in checking account #2 sub-account "Youth." We wrote a check from checking account #2 and deposited it in checking account #1. I recorded that transaction like this: CR Checking Acct #2 sub-account youth DB Checking A...

The income came in prior to the set up of PowerChurch Plus and has been sitting in a seldom used checking account. When the check was written drawing on Checking #2 and deposited into Checking #1 all I did was : Credit Checking #2 for $$ Debit Checking #1 for $$ Can I do a journal entry: Debit Unres...

We have one fund with two checking accounts. We needed to move funds from one checking account to the other and wrote a check to do so. The purpose is to move money from an unused sub-account Youth into the general fund for the Youth department to use. Credit Checking #2 sub-account Youth for $$ Deb...

I will keep you posted.

Well, that is just too cool and certainly sounds like the solution I am seeking. Thank you for the explanation and thank you Jeff for bringing it up.

Blessings,
Shelley

I am back to leaving the collections for youth activities and fundraisers as income. It is is just more logical to me. So, I haven't changed anything yet (money collected for youth activities is currently in an income account), but I am still running into the problem of a way to easily show the deac...

Thank you all so much for continuing this discussion. I came back to the forum because I am very dissatisfied with the way I am doing it now. I have an income account called "Youth Collections" where I post all the money collected for various youth activities. Debbie's discussion of the ease of use ...

Thank you. So, if I am reading you correctly, I am going to have an account in income called "Youth" and just show it as income like I do "General Contributions?" Simple enough. The deacons will just have to train themselves to look for income and expenses in two different places.

Blessings,
Shelley

I know you all must be tired of me by now. :) I am trying to determine the best way to handle funds that come in from members of the youth group to pay for their part of trips and activities. I need to keep track of how much is collected and apply it accordingly to activities in the Youth account. T...

Yes! Thank you for your patience. What a simple solution that was.

John, I so appreciate your patience with me. We will get through this and be on the same page soon. :) When you receive $100 into your church, you need to do this: DB Checking #1 $100 CR Income account $100 Move $100 from Checking #1 to Checking #2 CR checking #1 $100 DB checking #2 $100 We are good...

No it doesn't. I'm sorry, I am not being clear. An expense account is probably not what I want either. Let me tell you what I need without my non-accountant preconceived notions involved in the equation. I just finished the set-up process and our first month is April. April is also the beginning of ...

Ok. Now that we have clarified that and I have recorded a credit in Checking #1 and a debit in Checking # 2, what transaction do enter to show a credit balance in the Emergency Fund account I just created?

I could very easily be persuaded not to do this. :) Your comments sums it up very nicely. The idea of restrictions on donations is to honor donor requests and still give tax-deductible receipts for the contributions. Therefore, the mechanism to setup and disburse restrictions is tied to the contribu...