User Support Forum

It's like a light bulb just went on inside my head. All correcting transactions have been made, both checking accounts are balanced and the balance sheet is correct. I am sorry that it took so long for me to grasp the "income" account and how it works. I thank God for each one of you that had the pa...

Matt, because I actually took that money out of 4012 and put into the memorial checking account...it is no longer in the regular checking account. When I look at my budget report, it shows up under income; just like tithes, bank interest, etc. But, since I actually deposited it into another checking...

Yes, in order to do the accounting properly the dollars need to stay in the 4012 income account. Understand the logic of letting the contributions accumulate in the operating account--1110--until there is a decent sized amount to do a transfer and then doing a transfer to the Memorial checking acco...

Matt, When I receive the money for "Memorials" I CR that income account (4012). I don't put it in the actual Memorial checking Account (separate from the operating account-1110), until I have a lot to transfer. So, the $ is just sitting in this income account, until I actually make a deposit and hav...

When I wrote the check using the 2 accounts you mentioned, it decreased the operating account. I needed to reduce the 4012 (Memorials income account).
I appreciate everyone's help...I am still trying to figure it out and I may be getting closer.

Matt, I was able to do this...I hope it helps you to help me.... The lines with stars beside them are the accounts that I was talking about. People contribute $ for "Memorials "- #4012 and the funds are in the Operating Checking Account #1110. After awhile, I transfer those funds to the actual Memor...

Zaina, what you are saying makes sense, but how in the world do I fix it now?
Thanks!

Matt, I would be happy to show you the chart of accounts if you can tell me how I can get it to this page, without typing the whole thing.

Also, I use A/C = abbreviation for account and C/A = abbreviation for checking account.

Thanks!

I am trying to transfer money from an Income account (Memorials) to an Asset account (the actual Memorial Fund Checking account). I printed a check from the Operating account and deposited it into the Memorial Fund C/A. I realized it decreased my Operating A/C balance, so I tried to make corrections...