set up accounting with multiple bank accounts
Posted: Tue Oct 19, 2004 11:56 am
I'm starting to get the hang of this program and so far I love it. Got the members entered and am starting to record contributions and attendance.
I'm just about ready to start the accounting set up but need some advice.
We have 3 checking accounts all used for different things. One account is for the budget and is the one most used. The second account is for designated giving, money is held in specific line items until needed and can carry over from year to year. The third account is actually a money market but we do write the occasional check, but it is mainly savings and gets deposits on a regular basis.
I'm confused about how to set up accounts so that the 3 bank accounts are kept separate. I've read the book and I think I understand how to set up my chart of accounts for the budget checking but what about the other 2 checking accounts.
I feel like I'm missing something right in front of me. Maybe someones suggestion or explanation will turn on the 'light bulb' so I'll understand it better.
Thanks.
I'm just about ready to start the accounting set up but need some advice.
We have 3 checking accounts all used for different things. One account is for the budget and is the one most used. The second account is for designated giving, money is held in specific line items until needed and can carry over from year to year. The third account is actually a money market but we do write the occasional check, but it is mainly savings and gets deposits on a regular basis.
I'm confused about how to set up accounts so that the 3 bank accounts are kept separate. I've read the book and I think I understand how to set up my chart of accounts for the budget checking but what about the other 2 checking accounts.
I feel like I'm missing something right in front of me. Maybe someones suggestion or explanation will turn on the 'light bulb' so I'll understand it better.
Thanks.