Settinp up Accounting...QUESTION/HELP

[Julie]

We recently purchased Power Church Plus v.9 for our church, and I am getting it set up and ready to use. I am presently working on getting the accounting program going and I have a quick question.

If I don't include the value and depreciation of any land, buildings, etc. right now...can I go back in later and add it, or will it be too late? It would just save me some time right now if I didn't have to wait to receive that information.

Thanks for your help...I have learned a lot so far by reading other posts on this forum!

Julie

[Randy B]

You could add fixed assets like land and equipment later. Remember though land does not depreciate unlike buildings and equipment. If you add them later, you would debit the asset and credit fund balance.