Search found 60 matches
- Wed Apr 14, 2021 11:11 pm
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
how do I adjust 1852 account?
- Wed Feb 10, 2021 11:59 pm
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
So, I don't know what to do now. What I'm looking at having in the 03 Fund is the following, not including transfer accounts: Assets: 1851-000 Investment amount 1852-000 Interest gained Equity(Fund balance): 3126-000 Investment fund balance (just changing the name of the current FB) If I understand ...
- Sun Feb 07, 2021 11:32 am
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
Ah, I'm starting to understand.
I also need to set up the Transfer accounts since we've never used them.
Can I set the "Transfer from" in the 03 fund to close to the investment fund balance (I hope this is correct?)
I also need to set up the Transfer accounts since we've never used them.
Can I set the "Transfer from" in the 03 fund to close to the investment fund balance (I hope this is correct?)
- Sat Feb 06, 2021 7:26 pm
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
So I'm still trying to wrap my head around how to correct the amount in our investment, and want to make sure I have the accounts set up properly in the new fund. In our case, we don't have losses, it's basically a high interest savings account. What I have set up: 03-1851-000 Investment (currently ...
- Sun Jan 31, 2021 3:29 pm
- Forum: Accounting
- Topic: chart of accounts
- Replies: 5
- Views: 126
Re: chart of accounts
I guess I can't do a restore then.
I did a Detail changes in equity and there's nothing in those fund balances in Fund 01.
Can I delete them since they shouldn't be there, or can I only deactivate them?
I did a Detail changes in equity and there's nothing in those fund balances in Fund 01.
Can I delete them since they shouldn't be there, or can I only deactivate them?
- Sun Jan 31, 2021 2:46 am
- Forum: Accounting
- Topic: chart of accounts
- Replies: 5
- Views: 126
Re: chart of accounts
I created a new fund for investments, but I didn't create those accounts in fund 1, it just looks like all the fund balances in fund 2 were copied and made active in fund 1.
I did a backup before adding the new fund, if I do a restore, maybe it will go back to the way it was before?
I did a backup before adding the new fund, if I do a restore, maybe it will go back to the way it was before?
- Sat Jan 30, 2021 12:17 am
- Forum: Accounting
- Topic: chart of accounts
- Replies: 5
- Views: 126
chart of accounts
On Jan 6 I pulled a Chart of Accounts by Fund report. Under Net Assets a number of fund balances only showed an active square in fund 02. Now, if I pull this same report, for some unknown reason all of these fund balances now have active squares in both fund 01 and fund 02 I don't know how all of th...
- Fri Jan 29, 2021 2:56 pm
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
if I were ambitious enough to do so, how would you suggest I go about setting up a seperate fund account for the investment? Follow the directions in the manual or the online help to create a new Accounting Fund. Copy the checking account, the unrestricted net assets account, the investment account...
- Tue Jan 26, 2021 5:13 pm
- Forum: Accounting
- Topic: payroll deduction adjustment
- Replies: 3
- Views: 67
Re: payroll deduction adjustment
It's a non-taxable benefit: Long-term disability
- Tue Jan 26, 2021 2:41 pm
- Forum: Accounting
- Topic: payroll deduction adjustment
- Replies: 3
- Views: 67
payroll deduction adjustment
For 2020, there are some payroll deductions that I need to adjust. The adjustments in question are for LTD deductions from employee paychecks. Employee paychecks were deducted too much. Since these errors were made in 2020, I would like to date the corrections for Dec. 31, 2020, but since I have to ...
- Thu Jan 07, 2021 4:29 pm
- Forum: Accounting
- Topic: GST rebate asset
- Replies: 5
- Views: 103
Re: GST rebate asset
We only have one bank account.
- Wed Jan 06, 2021 11:42 pm
- Forum: Accounting
- Topic: investment tracking and withdrawals
- Replies: 21
- Views: 379
Re: investment tracking and withdrawals
Finally getting around to doing this, :oops: after moving the funds from 01 and 02 to the newly created 03 Investment Fund, how would I "correct" the amount that is in the fund? The amount that is showing in PowerChurch does not accurately reflect the amount that is currently in the investment. Thanks
- Wed Jan 06, 2021 11:37 pm
- Forum: Accounting
- Topic: GST rebate asset
- Replies: 5
- Views: 103
Re: GST rebate asset
Thanks Neil, looks like I may be writing up a SOP for how to transfer the funds and enter the rebates into PC. In terms of how the rebate works: for every expense where GST was paid, we enter the full amount of GST paid and PowerChurch is set up to automatically take 50% of the amount entered and de...
- Wed Jan 06, 2021 1:20 pm
- Forum: Accounting
- Topic: GST rebate asset
- Replies: 5
- Views: 103
GST rebate asset
In powerchurch, we have 2 funds: 01-General and 02-Designated The designated funds are funds are marked for specific use, such as building/capital projects and missions. Inside both funds, we have an asset: GST rebate. Where we are in Canada, we can reclaim 50% of the GST on expenses from the govern...
- Sat Oct 03, 2020 8:53 am
- Forum: Accounting
- Topic: Payroll Data Issues
- Replies: 7
- Views: 114
Re: Payroll Data Issues
I think doing a run of payroll will be easier for me to do.
Being in Canada, none of the tax modules in Powerchurch do anything for us anyways.
Being in Canada, none of the tax modules in Powerchurch do anything for us anyways.