User Support Forum

I am using a Windows XP operating platform and Powerchurch v 9 recently updated from v 8.5. While I am not an accountant, I have had 15 hrs of acctg courses at a highly respected university and can understand and reason things out well enough in most cases. I am a relatively new user of Powerchurch as our church purchase the software late in 2003, our previous treasurer had problems using it, and quit. I, as head of the committee, inherited the position in May, 2004. I just wiped everything out, went back to January and re-entered all transactions with pretty fair results with one exception. Here is my problem, what I have done and I would like to know what the correct acctg procedure is that I should use in Powerchurch:
we maintain 2 chkg accts
1110 General Operating Chkg Acct
1210 Money Mkt Chkg Acct
Also, we have set up a total of 10 funds of which 3 funds use both chkg accts
01 General Fund
BF Building Fund
CF Contingency Fund
The remaining 7 funds use only the general operating chkg acct.
As a part of our budget, we transfer once each quarter a budgeted amount from the 01-1110 acct to the BF-1210 acct in the Building Fund. Also, after the 3 rd quarter, we transferred money out of the CF-1210 acct to the BF-1210 acct. so that the entries looked like this:

01-1110 CR
01-4820 (Transfer Acct) DB

01-4820 CR
BF-1210 DB

CF-1210 CR
CF-4820 DB

CF-4820 CR
CF-1210 DB

To this point in time, I have been running only a Consolidated Balance Sheet which shows both sides of the equation in balance. However, I recently ran the Balance Sheet by Fund report in v 9 showing correct balances on the asset side for the 01, BF, and CF while the Fund Balance side was not in balance. Yet the cosolidated balance is in balance. What is the correct procedure here to get all funds in balance?

If that 2nd entry used BF-4820 CR, that would be right. You're still out of balance in 01 and BF since it's 2 credits, one debit in 01 and only one debit in BF.
I'm going to assume this is a typo, and you actually meant the 2nd set of lines to be BF-4820 CR - BF-1210 CR.