Search found 3 matches
- Wed Jun 10, 2009 11:41 am
- Forum: Accounting
- Topic: Reset up of accounts and mortgage
- Replies: 9
- Views: 6814
Re: Reset up of accounts and mortgage
Thanks John. That is very helpful. Sorry if this is a basic question around your answer but we build our budget directly around our stewardship and show people how much we need to spend. If our mortgage payment (P&I) is accounted for by part going to "budget operating expense" and part going to liab...
- Tue Jun 09, 2009 10:54 am
- Forum: Accounting
- Topic: Accounting for Ministers Discretionary Fund
- Replies: 5
- Views: 2520
Accounting for Ministers Discretionary Fund
We take donations for a ministers discretionary fund. Our pastor is able to disburse these amounts to members who are experiencing hardship. What account would you suggest these be set up under? The balance does carry over from one fiscal year to the next. The restricted accounts just seem so cumber...
- Tue Jun 09, 2009 10:48 am
- Forum: Accounting
- Topic: Reset up of accounts and mortgage
- Replies: 9
- Views: 6814
Reset up of accounts and mortgage
Hello, I have had this job for 2 years and the folks who initially set us up on PCP were to their own admission not accounting saavy. While I am no CPA there are several things that do not tie to eachother - specifically many transactions done in the operating budget do not carry over to the balance...