Search found 3 matches

by SML
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...
by SML
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...
by SML
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...