Multiple checking accounts

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

Moderators: Moderators, Tech Support

Post Reply
dfcwagoner
Posts: 10
Joined: Thu Sep 06, 2007 11:25 am
Location: Wagoner, OK

Multiple checking accounts

Post by dfcwagoner »

I only use two funds: 01 for the church and 02 for the school (actually the school is expected to go live 1/1/08 ). Right now, I have acct# 1110-000 as the church's general checking account and #1120-000 for our flag team checking account and #1130-000 for our reserved offerings (I actually transfer them to their own checking account).

Do I have to set these accounts set up differently? I am about to set up the school as fund 02 and don't want to totally mess things up! :roll:

From reading some other posts it sounds like I may have things totally messed up. Everything for the church is set up under fund 01 regardless of what checking account pays those bills, and everything for the school will be entered under fund 02 and paid out of the school's checking account.

If I do have things set up right, how do I tell PC+ (version 10) which checking account I am paying a bill out of? I don't see that anywhere. If I have things set up wrong how do I fix it? :shock:
Top
Post Reply

Return to “Accounting”