John:
Thank you, this would eliminate the acccounting for the duplication of interest income.
John Labuda
Search found 9 matches
- Sat Apr 04, 2009 12:26 am
- Forum: Accounting
- Topic: Transfers from Trust funds to Operating Funds
- Replies: 2
- Views: 1185
- Thu Apr 02, 2009 9:19 am
- Forum: Accounting
- Topic: Deleting Sample Accounts from the Chart of Accounts
- Replies: 4
- Views: 2175
Sample Accounts
Thank you for your responses. The issue is we are a Canadian Church and the Sample accounts are the Payroll accounts based in US deductions. The system will not let me delete these accounts. We have a diocese provide Payroll Services for us. Is there something in the setup that we can modify and Res...
- Tue Mar 31, 2009 5:23 pm
- Forum: Accounting
- Topic: Deleting Sample Accounts from the Chart of Accounts
- Replies: 4
- Views: 2175
Deleting Sample Accounts from the Chart of Accounts
We have some Sample Accounts that we do not want in our NEW chart of accounts? Can we delete them?
- Tue Mar 31, 2009 5:22 pm
- Forum: Accounting
- Topic: Transfers from Trust funds to Operating Funds
- Replies: 2
- Views: 1185
Transfers from Trust funds to Operating Funds
We have several Funds including a Trust Fund. The earnings from the Trust fund are transferred to the Operating Fund. Should we treat the Trust Fund transfers as "Income from Trust Fund" in the Operating Fund? Would this be a 9000 series account? Should we then treat the Trust Fund Transfers as "Tra...
- Mon Mar 16, 2009 11:07 am
- Forum: Accounting
- Topic: Checking Accounts - sub accounts
- Replies: 4
- Views: 1549
- Mon Mar 16, 2009 10:43 am
- Forum: Accounting
- Topic: Checking Accounts - sub accounts
- Replies: 4
- Views: 1549
- Mon Mar 16, 2009 9:19 am
- Forum: Accounting
- Topic: Checking Accounts - sub accounts
- Replies: 4
- Views: 1549
Checking Accounts - sub accounts
We like to track funds directed to various operating expenses: 1. Alter guild 2. Flowers 3. Music etc. Can we set up our Checking account with Sub Accounts? 01-1100-001 - General Funds 01-1100-002 - Alter Guild 01-1110-003 - Flower 01-1100-004 - Music Is there a better approach to tracking "directed...
- Mon Mar 16, 2009 9:06 am
- Forum: Accounting
- Topic: Posting transactions between funds
- Replies: 2
- Views: 1257
- Thu Mar 12, 2009 2:43 pm
- Forum: Accounting
- Topic: Posting transactions between funds
- Replies: 2
- Views: 1257
Posting transactions between funds
We are setting up our Chart of Accounts with the PowerChurch software and want to take advantage of the Fund accounting ability. We have only one checking account bewteen our Operating Fund and our Outreach Fund. When we receive contributions for the Outreach Fund, using the Contributions module int...