We are using the software for a religious organization with a church under the main ministry. Lets say Ministry name is A, Counseling center under that and Church as well.
We only have one bank account but I need to make sure I can differentiate which money is coming and going from each entity but still have the one main bank account. Right now I have Ministry A bank account as the only bank account and everything comes into it. But, when I pay bills I want to be able to take those for the church out of a different account than the ones for the counseling center and main office. I have thought of different ways but not sure how they would work with the other parts of the system to give the correct figures. Have any ideas?
Using software for Ministry with church under it
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JohnDMeyers
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Re: Using software for Ministry with church under it
I think you would want to have a separate Accounting Fund for your Counseling center.
You can still have one (physical) bank account. Use the same 4-digit major account number for both, like this:
Fund 01
01-1110-000 General checking
Fund 02
02-1110-000 Counseling Center checking
When you reconcile the bank account, using 1110 will bring up all the checks from both Funds.
You can still have one (physical) bank account. Use the same 4-digit major account number for both, like this:
Fund 01
01-1110-000 General checking
Fund 02
02-1110-000 Counseling Center checking
When you reconcile the bank account, using 1110 will bring up all the checks from both Funds.
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