Two Checking Accounts

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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Bev Brown
Posts: 6
Joined: Fri Apr 09, 2004 10:48 am
Location: Beverly Hills Community Church

Two Checking Accounts

Post by Bev Brown »

What is the best way to control two checking accounts within powerchurch. I'll be posting checks against each of the accounts and hopefully get reports from both accounts? I'm not sure if the second account should be different fund or under the general fund.

Matt
Authorized Teaching Consultant
Authorized Teaching Consultant
Posts: 733
Joined: Fri Dec 05, 2003 4:04 pm
Location: Jacksonville, AL

Post by Matt »

If you want the amounts shown on the Income and Expense Statement and the Balance Sheet to correlate to deposits and checks from a specific checking account you will want to set up each checking account in a separate accounting fund. If this is not a concern you can have both checking accounts in the same accounting fund. The answer to your question depends on the reason why you have two checking accounts and how you want to see the deposits and checks from each account presented on the reports.

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