Finished setup too soon

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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F12Mahon
Posts: 87
Joined: Mon Mar 28, 2011 7:35 pm

Finished setup too soon

Post by F12Mahon »

I set up PowerChurch in July of last year. I exited as if I was finished by mistake. I have outstanding checks that didn't get entered during setup. Can I manually add them, reconcile them, and then reverse them to keep my balances correct? or will that throw off reconciliation? Any suggestions?
We budget by calendar year and entered the first six months as a lump sum.

Eugene
Eugene

NeilZ
Posts: 10578
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Finished setup too soon

Post by NeilZ »

F12Mahon wrote:I set up PowerChurch in July of last year. I exited as if I was finished by mistake. I have outstanding checks that didn't get entered during setup. Can I manually add them, reconcile them, and then reverse them to keep my balances correct? or will that throw off reconciliation? Any suggestions?
We budget by calendar year and entered the first six months as a lump sum.

Eugene
This may be more work than you need. I would think that as long as your current year's beginning balances are correct, just keep these and the paperwork (cancelled checks and/or bank reconciliation statement) available for your auditor.

John Meyer ... any thoughts ??
Neil Zampella

Using PC+ since 1999.

F12Mahon
Posts: 87
Joined: Mon Mar 28, 2011 7:35 pm

Re: Finished setup too soon

Post by F12Mahon »

Just a followup. I Restarted Funds accounting and started Jan. 1 2011. I now have all expenses correct. Now when the financial secretary gets contributions figured out, we'll be golden!

Eugene
Eugene

NeilZ
Posts: 10578
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Finished setup too soon

Post by NeilZ »

F12Mahon wrote:Just a followup. I Restarted Funds accounting and started Jan. 1 2011. I now have all expenses correct. Now when the financial secretary gets contributions figured out, we'll be golden!

Eugene
If she has questions, please ask ... in the Contributions category, of course :mrgreen:
Neil Zampella

Using PC+ since 1999.

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