Search found 100 matches

by bjwhitson
Sun Jan 14, 2024 6:22 pm
Forum: Accounting
Topic: Help in preparing the quarterly Form 941
Replies: 5
Views: 1570

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
by bjwhitson
Sat Jan 13, 2024 10:41 am
Forum: Accounting
Topic: Help in preparing the quarterly Form 941
Replies: 5
Views: 1570

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
by bjwhitson
Fri Jan 12, 2024 10:38 pm
Forum: Accounting
Topic: Help in preparing the quarterly Form 941
Replies: 5
Views: 1570

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...
by bjwhitson
Thu Jan 11, 2024 8:28 pm
Forum: Accounting
Topic: Help in preparing the quarterly Form 941
Replies: 5
Views: 1570

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...
by bjwhitson
Thu May 04, 2023 9:19 am
Forum: Accounting
Topic: correcting a transaction that used restricted funds
Replies: 2
Views: 2237

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...
by bjwhitson
Wed May 03, 2023 11:41 pm
Forum: Accounting
Topic: correcting a transaction that used restricted funds
Replies: 2
Views: 2237

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...
by bjwhitson
Sun Nov 27, 2022 6:57 pm
Forum: Contributions
Topic: envelope numbers switched
Replies: 7
Views: 4031

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...
by bjwhitson
Wed Aug 31, 2022 9:39 am
Forum: Accounting
Topic: closing a business
Replies: 2
Views: 575

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...
by bjwhitson
Tue Aug 30, 2022 3:23 pm
Forum: Accounting
Topic: closing a business
Replies: 2
Views: 575

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...
by bjwhitson
Sun Oct 24, 2021 3:23 pm
Forum: Accounting
Topic: transfer funds - how to reflect expenses
Replies: 2
Views: 575

Re: transfer funds - how to reflect expenses

Thanks! I'll give it a shot!
BJW
by bjwhitson
Fri Oct 22, 2021 1:02 pm
Forum: Accounting
Topic: transfer funds - how to reflect expenses
Replies: 2
Views: 575

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...
by bjwhitson
Tue Oct 05, 2021 5:00 pm
Forum: Accounting
Topic: payroll is out of balance with actual payments
Replies: 2
Views: 542

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
by bjwhitson
Mon Oct 04, 2021 9:20 pm
Forum: Accounting
Topic: payroll is out of balance with actual payments
Replies: 2
Views: 542

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...
by bjwhitson
Mon Mar 08, 2021 11:35 am
Forum: Accounting
Topic: revised form 941 for 2021
Replies: 5
Views: 1067

Re: revised form 941 for 2021

Thanks, Neil!
by bjwhitson
Fri Mar 05, 2021 2:49 pm
Forum: Accounting
Topic: revised form 941 for 2021
Replies: 5
Views: 1067

revised form 941 for 2021

Did I miss something? When I try to process the 1st qtr Form 941 for 2021, the year still shows up as 2020. We process payroll on March 15 thru the bank so the transactions are already in Power Church. Do I have to wait until later in March? Running Version 12.2 and when I try to download the latest...