New Project - Church Sign

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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jordan2k510
Posts: 123
Joined: Tue Sep 29, 2009 3:38 pm

New Project - Church Sign

Post by jordan2k510 »

We are starting a project this year to purchase a new church sign. We are asking members to donate to the sign fund. My question is should this be treated as a pass thru liability account or as an equity account? using v11 of Power Church.

JohnDMeyers
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Location: Potsdam, NY
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Re: New Project - Church Sign

Post by JohnDMeyers »

A pass-through is where one non-profit collects money given to another non-profit. That doesn't sound like the case here.

What you have is a temporarily restricted donation.

Here is a link on how to set that up. http://powerchurch.com/forum/viewtopic. ... ily#p16691
You can watch my PowerChurch tutorials now on YouTube!

Visit http://www.youtube.com/user/EmpowerYour ... ture=watch

jordan2k510
Posts: 123
Joined: Tue Sep 29, 2009 3:38 pm

Re: New Project - Church Sign

Post by jordan2k510 »

Makes sense. Thank you again for your prompt reply.

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