Setting up Temporarily Restricted Donations
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Setting up Temporarily Restricted Donations
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
RLM
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Jeff
- Program Development

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Re: Setting up Temporarily Restricted Donations
You will need 2 expense accounts, one for the budgeted portion and another for the non-budget amount.