I finally got to processing the 1st qtr 941 and it worked perfectly! Thanks so much for your help on getting this issue resolved!
Betsy
Search found 101 matches
- Tue Apr 02, 2024 11:00 am
- Forum: Accounting
- Topic: Help in preparing the quarterly Form 941
- Replies: 6
- Views: 1834
- Sun Jan 14, 2024 6:22 pm
- Forum: Accounting
- Topic: Help in preparing the quarterly Form 941
- Replies: 6
- Views: 1834
Re: Help in preparing the quarterly Form 941
I've added those Liability items to my payroll records. I see how it's populated for the payroll taxes account and or the tax liability account. Guess I have to wait till I get ready to process the 1st 2024 form 941 to see how it works - I think I'm on the right track!
Thanks so much!
BJW
Thanks so much!
BJW
- Sat Jan 13, 2024 10:41 am
- Forum: Accounting
- Topic: Help in preparing the quarterly Form 941
- Replies: 6
- Views: 1834
Re: Help in preparing the quarterly Form 941
Thanks so much for the explanation! I'll give it a try this weekend and report back!
BJW
BJW
- Fri Jan 12, 2024 10:38 pm
- Forum: Accounting
- Topic: Help in preparing the quarterly Form 941
- Replies: 6
- Views: 1834
Re: Help in preparing the quarterly Form 941
Thanks for your detailed response! I'm not sure I followed it all, but here's how I've set it up - Yes, I did mean line 16 where it shows each month's tax liability. I usually have to go in and adjust those 3 amounts based on what I actually paid. I set up the accounts in 2018 when we transitioned f...
- Thu Jan 11, 2024 8:28 pm
- Forum: Accounting
- Topic: Help in preparing the quarterly Form 941
- Replies: 6
- Views: 1834
Help in preparing the quarterly Form 941
I've used PC+ for over 15 years, Financial admin for 30, currently using version 14.4 Each quarter when I prepare the Form 941,I have to go in and update the monthly tax deposits that I make for withholdings. Is there a special transaction, or account, that I should use so that the monthly tax liabi...
- Thu May 04, 2023 9:19 am
- Forum: Accounting
- Topic: correcting a transaction that used restricted funds
- Replies: 2
- Views: 2260
Re: correcting a transaction that used restricted funds
Thanks, Neil, as always! :D I ended up just reversing and correcting the first transaction. I only have one checking account - 01-1110 is the undesignated fund acct and 01-1115 is the designated fund acct. By changing that first transaction to reflect only the $60.71 against designated funds, then t...
- Wed May 03, 2023 11:41 pm
- Forum: Accounting
- Topic: correcting a transaction that used restricted funds
- Replies: 2
- Views: 2260
correcting a transaction that used restricted funds
I posted a transaction that paid an expense from restricted funds - 01-1115-000 Designated Funds $94.02 (CR) 01-5005-150 MIsc exp $33.31 (DR) 01-5005-150 Misc Exp $60.71 (DR) 01-4850-150 MIsc Exp $94.02 (DR) 01-4999-000 Release $94.02 (CR) I realized after the fact that the $33.31 should have been p...
- Sun Nov 27, 2022 6:57 pm
- Forum: Contributions
- Topic: envelope numbers switched
- Replies: 7
- Views: 4150
Re: envelope numbers switched
I've got to say that I love this online forum! I just realized that I had this problem and was getting ready to go the first route when I decided to check the forum. Did my backup, followed Neil's suggestion and 10 minutes later, the files are all corrected! Thanks, Dean for first posting the questi...
- Wed Aug 31, 2022 9:39 am
- Forum: Accounting
- Topic: closing a business
- Replies: 2
- Views: 580
Re: closing a business
Hi Neil, I was thinking about all the income and expense accounts in Fund Accounting but your comment about keeping records for 4 years makes me think simply making them all inactive is the better way to go. In all my years of doing church bookkeeping, I've never had to close an operation before. Be...
- Tue Aug 30, 2022 3:23 pm
- Forum: Accounting
- Topic: closing a business
- Replies: 2
- Views: 580
closing a business
I'm using PC+ version 12.2 and have an unusual questions - I think. We have had a Mothers' Morning Out (MMO) program for the past 10-12 years and have decided for several reasons to close it permanently. It has a separate EIN from the church and a separate bank account. I know when I file the 3rd qt...
- Sun Oct 24, 2021 3:23 pm
- Forum: Accounting
- Topic: transfer funds - how to reflect expenses
- Replies: 2
- Views: 581
Re: transfer funds - how to reflect expenses
Thanks! I'll give it a shot!
BJW
BJW
- Fri Oct 22, 2021 1:02 pm
- Forum: Accounting
- Topic: transfer funds - how to reflect expenses
- Replies: 2
- Views: 581
transfer funds - how to reflect expenses
PowerChurch ver 12.2 user for 12+ years We have 2 separate funds in 2 separate checking accounts. Fund 01 is Operating expenses and Fund 02 is Daycare operations. An expense for the Daycare website was paid via a church credit card along with other operating fund expenses. I have entered the followi...
- Tue Oct 05, 2021 5:00 pm
- Forum: Accounting
- Topic: payroll is out of balance with actual payments
- Replies: 2
- Views: 551
Re: payroll is out of balance with actual payments
Thanks, Neil,
That did the trick. I had forgotten that I could post just to the payroll module.
BJW
That did the trick. I had forgotten that I could post just to the payroll module.
BJW
- Mon Oct 04, 2021 9:20 pm
- Forum: Accounting
- Topic: payroll is out of balance with actual payments
- Replies: 2
- Views: 551
payroll is out of balance with actual payments
I am using PC+ ver 12.2 and have used Power church for over 12 years. Here's my problem this time - I have an employee who receives a gift that varies in amount every 6 months or so. At the beginning of the year it was $315/month and around July it changed to $325/month. I have a separate item descr...
- Mon Mar 08, 2021 11:35 am
- Forum: Accounting
- Topic: revised form 941 for 2021
- Replies: 5
- Views: 1137
Re: revised form 941 for 2021
Thanks, Neil!