Setting up Temporarily Restricted Donations

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RLM
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Setting up Temporarily Restricted Donations

Post by RLM »

According to the POWERchurch v.11 reference manual, when setting up temporarily restricted donations, PC uses three accounts to keep track of donor restricted giving: Income, Release, & Equity. I get that, but if the donated amount eventually is going is going to be applied to a budgeted expense account rather than being added as an asset, how can I transact the expense without skewing the 2011 budget?
In Him,

RLM

Jeff
Program Development
Program Development
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Re: Setting up Temporarily Restricted Donations

Post by Jeff »

You will need 2 expense accounts, one for the budgeted portion and another for the non-budget amount.

RLM
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Re: Setting up Temporarily Restricted Donations

Post by RLM »

Thanks Jeff...
In Him,

RLM

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