Search found 42 matches
- Fri Apr 19, 2024 11:27 am
- Forum: Accounting
- Topic: Entering a donated vehicle
- Replies: 2
- Views: 27
Entering a donated vehicle
How do I enter a vehicle that was donated to our church? We are going to use it for our food pantry, not re-sell it.
- Thu Jan 19, 2023 2:21 pm
- Forum: Accounting
- Topic: ID Number under Tax Type
- Replies: 2
- Views: 338
Re: ID Number under Tax Type
Great! Thank you.
Lisa
Lisa
- Wed Jan 18, 2023 1:59 pm
- Forum: Accounting
- Topic: ID Number under Tax Type
- Replies: 2
- Views: 338
ID Number under Tax Type
I need to enter a new tax for Oregon. However, when I try to enter our state tax ID number, it says there is already a tax with that number. The previous bookkeeper had set up the state tax with our ID number and the transit tax with "unknown". Now we have a paid family leave tax that I have to ente...
- Wed Nov 09, 2022 4:53 pm
- Forum: Accounting
- Topic: Releasing restricted funds
- Replies: 3
- Views: 963
Re: Releasing restricted funds
Well, I think I wasn't clear in my question, although I do appreciate the information you provided. I was really asking about the legality of it. I am under the impression that if someone donates money but specifically says it's to be used for one thing, then it can only be used for that. So with th...
- Tue Nov 08, 2022 1:28 pm
- Forum: Accounting
- Topic: Releasing restricted funds
- Replies: 3
- Views: 963
Releasing restricted funds
We have a food pantry in our church. Someone anonymously donated 10,000 specifically for the renovation of the area set aside for their use. My question is, if the renovation never happens, how do I release the money? I can't return it to the donor because no one knows who it is.
Lisa
Lisa
- Wed Mar 23, 2022 5:46 pm
- Forum: Accounting
- Topic: Hiding Funds
- Replies: 1
- Views: 418
Hiding Funds
Is there anyway to hide accounting funds? I would like to hide a lot of funds that we just don't use in order to not to have to scroll through them.
Lisa K
Lisa K
- Thu Dec 09, 2021 4:37 pm
- Forum: Accounting
- Topic: Mistake in entering check causing massive headache
- Replies: 1
- Views: 781
Mistake in entering check causing massive headache
When reconciling our checking account I realized I had made a mistake and I cannot figure out how to correct it, or if it even can be corrected. I am hoping someone here will save me! We wrote a check to our contractor. Below is what it looks like in Powerchurch. The check was written for 97382.20 b...
- Fri Nov 12, 2021 3:40 pm
- Forum: Contributions
- Topic: Contributions
- Replies: 3
- Views: 1071
Re: Contributions
We actually have a "donor" called loose cash. We treat it like a regular person and include the amounts in all of our reports. Works great for us.
Lisa
Lisa
- Thu May 13, 2021 3:45 pm
- Forum: Accounting
- Topic: Setting up a holding fund
- Replies: 3
- Views: 1015
Re: Setting up a holding fund
Since this these are funds that you are eventually required to pay out, a liability account is a good way to handle it. In this way you can expense the proper expense account for the full amount at the time of the invoice, yet retain what you have to pay later. Sorry to bother again. I just want to...
- Tue Apr 13, 2021 2:48 pm
- Forum: Accounting
- Topic: Setting up a holding fund
- Replies: 3
- Views: 1015
Setting up a holding fund
Our church is beginning a major renovation of our building. According to Oregon law we are required to withhold 5% of each invoice and keep it in a "retention account". We have a renovation fund already set up for smaller items we've had done. Am I correct in thinking that I should set up a liabilit...
- Tue Dec 29, 2020 1:06 pm
- Forum: Contributions
- Topic: pass through vs temp. restriction
- Replies: 1
- Views: 804
pass through vs temp. restriction
Our church is planning on helping one of our missionaries purchase a home for their ministry. We plan on gathering the money and then sending it on to them. My question is would it be better to use a pass through account or a temp. restriction account. We just want to make sure that all the money is...
- Wed May 06, 2020 1:50 pm
- Forum: Contributions
- Topic: Reinstating Vanco Customer
- Replies: 1
- Views: 858
Reinstating Vanco Customer
One of our members set up an account with Vanco, then had her CC compromised, tried to cancel the card at Vanco and ended up cancelling her account. I went into Vanco and removed the date from the cancel field but now she gets a message telling her to contact the church to reinstate her account. Has...
- Fri Apr 24, 2020 1:10 pm
- Forum: Contributions
- Topic: Failure to login to Vanco
- Replies: 2
- Views: 765
Re: Failure to login to Vanco
That worked perfectly. Thanks so much! You make my job so much easier!
- Thu Apr 23, 2020 5:33 pm
- Forum: Contributions
- Topic: Failure to login to Vanco
- Replies: 2
- Views: 765
Failure to login to Vanco
I have just set our church up to accept online contributions through Vanco. After receiving all of the credentials required, I entered that information in the "Import from Vanco" screen. I get as far as importing, but I get a "Login request failed with: Request Timeout" Vanco says they are not famil...
- Tue Jan 14, 2020 3:39 pm
- Forum: Accounting
- Topic: Bring a fund to zero
- Replies: 4
- Views: 573
Re: Bring a fund to zero
Is that a negative balance? You can do an Out of Balance transaction to add an amount to the fund to clear it out. You can find out more about Out of Ballance entries by doing a search on OOB in the built-in help. If the Balance Sheet shows that the books are in balance (total assets = total liabil...