Search found 3 matches

by Becky Davis
Tue Dec 19, 2006 9:56 pm
Forum: Accounting
Topic: Negative Balance in Release from Restrictions Account
Replies: 1
Views: 1909

Negative Balance in Release from Restrictions Account

I have ended up with a couple of negative balances in my release from restrictions accounts. I want to clear this out to begin the new year with everything zeroed out, but Pastor doesn't want to erase everything and start completely over. I know that I can make the account inactive and create a new ...
by Becky Davis
Fri Dec 09, 2005 4:40 pm
Forum: Accounting
Topic: Accounting - Setting Up Mortgage
Replies: 3
Views: 2652

What I mean by using the building fund monies to pay the mortgage was, that we will be using money that comes in to our Building Fund, to offset the expenses of the mortgage payments. When our accounts were set up the building fund income acct was set as a restricted account. Now, I need to somehow ...
by Becky Davis
Wed Dec 07, 2005 7:42 pm
Forum: Accounting
Topic: Accounting - Setting Up Mortgage
Replies: 3
Views: 2652

Accounting - Setting Up Mortgage

We are in the process of obtaining a mortgage and are scheduled to close on December 15. We had to put down $25,000 earnest money. The money is in the building fund, and it was set up as a restricted account. Now I need to get the $25,000 out of there and charge it off. First, I can't figure out how...