Search found 9480 matches

by NeilZ
Thu Apr 22, 2021 5:26 pm
Forum: Accounting
Topic: Correct accounting for Endowment distributions
Replies: 1
Views: 23

Re: Correct accounting for Endowment distributions

We have tan endowment set up in it's own fund account, separate from our General fund, that we receive quarterly dividends from. When the dividends are received, they are deposited into a checking account automatically from the investment company. A check is then written from that account to be dep...
by NeilZ
Thu Apr 22, 2021 6:38 am
Forum: Accounting
Topic: Fund balance setup
Replies: 3
Views: 57

Re: Fund balance setup

Ok thanks. The Funds weren't originally setup properly as there was no 02-3110 account in Fund 02, which is why I just picked an available account for the transfer account to close to. In terms of the unrestricted fund balance in Fund 02. Would all income and expense accounts within Fund 02 close t...
by NeilZ
Thu Apr 22, 2021 6:35 am
Forum: Accounting
Topic: Credit on an account payable
Replies: 4
Views: 57

Re: Credit on an account payable

It was a huge credit - with covid and no-one using the building it will take almost 2 years to use up the credit. Do I just not record anything for the water bill in all that time? Well, if its that large, you can create a liability account for the amount. I suspect it would have to be an Out Of Ba...
by NeilZ
Tue Apr 20, 2021 8:53 pm
Forum: Accounting
Topic: Credit on an account payable
Replies: 4
Views: 57

Re: Credit on an account payable

Last year our hot water tank sprung a leak and we had to pay for several gallons of wasted water. We applied for an adjustment based on our average actual usage and now we've just had a huge credit applied on our water bill. It's not income so how do I enter that? Do I just enter a negative number ...
by NeilZ
Tue Apr 20, 2021 7:53 am
Forum: Accounting
Topic: Fund balance setup
Replies: 3
Views: 57

Re: Fund balance setup

So, I don't know if fund balances can work like this, but is it possible to set up one "master" fund balance, with a bunch of sub-fund balances? Basically I'm trying to find a solution to some issues with restricted funds, hopefully my explanation makes sense. We have restricted funds in Fund 02. W...
by NeilZ
Mon Apr 19, 2021 7:38 pm
Forum: Accounting
Topic: Entries for Gift of Property to Employee
Replies: 1
Views: 52

Re: Entries for Gift of Property to Employee

A church owned vehicle is being given to an employee who is leaving. The church is covering the tax liabilities for the employee as well. I am trying to make sure that I make the appropriate accounting entries so that it shows up on his W2 and my books are in balance when all is done. Guidance woul...
by NeilZ
Mon Apr 19, 2021 11:06 am
Forum: Accounting
Topic: accounting setup assistant
Replies: 3
Views: 71

Re: accounting setup assistant

I did a restart on everything so I could begin January 1. I think I started the Set Up Assistant and then closed it. I then entered all my CoA and now can't see how to enter bank acct numbers, beginning balances for bank accounts, temporarily restricted accounts. Will I have to restart accounting a...
by NeilZ
Sat Apr 17, 2021 6:45 pm
Forum: Accounting
Topic: accounting setup assistant
Replies: 3
Views: 71

Re: accounting setup assistant

I restarted the account because of errors I made. I must have checked something incorrectly because I do not have the accounting setup assistant. I entered the CoA through maintain chart of accounts, but now I can't find a way to enter beginning balances. Do I have to restart accounting all over ag...
by NeilZ
Sat Apr 17, 2021 6:38 pm
Forum: Accounting
Topic: 941 for 2021 1st Qtr is off
Replies: 3
Views: 69

Re: 941 for 2021 1st Qtr is off

All of the payroll has been posted so I am not sure what the issue is. I had not previously checked the rounding button until this year per the instructions in PowerChurch and I was hopeful that was where it got off. I'm not even sure where to start now on solving the issue and where to turn to for...
by NeilZ
Fri Apr 16, 2021 9:50 am
Forum: Accounting
Topic: 941 for 2021 1st Qtr is off
Replies: 3
Views: 69

Re: 941 for 2021 1st Qtr is off

Needing some help with my 941. It is off by $727.92 and I believe it may have something to do with the "round tax to nearest whole dollar" that I checked this year for each of the Federal Tax Tables. That was noted in the instructions this year from Powerchurch and I do not believe that was selecte...
by NeilZ
Fri Apr 16, 2021 9:48 am
Forum: Accounting
Topic: backing up and restoring
Replies: 1
Views: 57

Re: backing up and restoring

I have noticed that you can back up the accounting files. How do you just restore the accounting files without over riding membership files? Currently I am the treasurer so I take paper work home and do the accounting on my laptop however when I backup and restore at the church, I over ride any cha...
by NeilZ
Fri Apr 16, 2021 9:46 am
Forum: PowerChurch Online
Topic: Time out
Replies: 5
Views: 83

Re: Time out

I am unable to double click on the adapter. Following is the list under network adapter: Bluetooth Device (Personal Area Network) ExpressVPN TAP Adapter Intel(R) Wireless-AC 9560 160MHz Realtek USB GbE Family Controller #2 WAN Miniport (IKEv2) WAN Miniport (IP) WAN Miniport (IPv6) WAN Miniport (L2T...
by NeilZ
Fri Apr 16, 2021 9:44 am
Forum: PowerChurch Online
Topic: unable to print 941 "runtime Error"
Replies: 4
Views: 33

Re: unable to print 941 "runtime Error"

cgjsmith wrote:
Thu Apr 15, 2021 10:52 am
windows 10 and when I tried to update the power church program it says that it is up to date. I tried on a 4th computer and it worked fine. Im really confused. Crystal
Did you try Zorak's suggestion? That should work.
by NeilZ
Thu Apr 15, 2021 9:36 am
Forum: PowerChurch Online
Topic: Time out
Replies: 5
Views: 83

Re: Time out

I followed the instructions above but when I got to the Network adapters and chose Properties, there was not a Power Management tab. A Network adapters window popped up with one tab of General and I could not select anything except OK or Cancel. Any other suggestions? Thanks!! In the Device manager...
by NeilZ
Thu Apr 15, 2021 9:32 am
Forum: Accounting
Topic: investment tracking and withdrawals
Replies: 22
Views: 480

Re: investment tracking and withdrawals

neac wrote:
Wed Apr 14, 2021 11:11 pm
how do I adjust 1852 account?
You had it listed previously ...

Code: Select all

And when I get a statement I would do the following:
03-1852-000 DB 1000.00
03-3126-000 CR 1000.00
This is assuming that the adjustments are gains, if its a loss for the quarter, you would reverse CR 1852-000 and DB 3126-000