Search found 5 matches

by koofah
Wed Jun 08, 2011 10:54 pm
Forum: Accounting
Topic: release a restricted fund after a transaction is posted
Replies: 3
Views: 1564

Mortgage taken in draws from bank

thanks J.D. for the help regarding the restricted funds. it worked. I have another concern. our church needed abt 540Grand to purchase and renovate a property. The bank and our church agreed that our church contributes abt 180G whiles the bank pay the remainder. Now the estm cost of the property was...
by koofah
Mon Jun 06, 2011 8:02 pm
Forum: Accounting
Topic: release a restricted fund after a transaction is posted
Replies: 3
Views: 1564

release a restricted fund after a transaction is posted

Guys,
i made a mistake of not enabling an entry for the release of a restricted money for a transaction. now the transaction is already posted. is there any way I can add that entry without having to reverse the posted transaction?
by koofah
Tue Nov 24, 2009 3:32 pm
Forum: Accounting
Topic: Balance Sheet does not match with bank statement
Replies: 2
Views: 1428

Balance Sheet does not match with bank statement

Hi folks, I have reconciled my accounts records with the bank statement. however when i run a balance sheet report, there is a difference. Now the difference amounts exactly to the unreconciled checks that have not been presented at the bank and therefore not in the statement. I need your help to fi...
by koofah
Wed Mar 25, 2009 1:18 pm
Forum: Accounting
Topic: handling finances of groups within the church
Replies: 1
Views: 1161

handling finances of groups within the church

How do i handle the finances of groups within our church that give thier moneys to us for safekeeping? eg. is the women's ministry group.
Besdies writing checks for thier own moneys, the church also supplements thier general expenditure from the church's own fund.
Thx.
by koofah
Fri Mar 20, 2009 3:25 am
Forum: Accounting
Topic: Outsourcing Payroll
Replies: 2
Views: 1734

Outsourcing Payroll

I just started with PC+10 in our church. What advantage/disadvantage is there for using Payroll rather than outsourcing to ADP? Our paid staff is less than 5 employees .Thx