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how do I adjust 1852 account?

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 ...

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?)

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 ...

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 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?

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...

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...

It's a non-taxable benefit: Long-term disability

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 ...

We only have one bank account.

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

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...

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...

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.