Releasing restricted funds for payroll
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impactingpeople
- Posts: 1
- Joined: Sat Dec 04, 2010 10:08 am
Releasing restricted funds for payroll
We have a minister who raises his own support for his salary. I have it in a temporarily restricted fund. When I process his payroll, it does not give me an option to release the payroll from restricted funds. However, in the past, it did give that option when I went in to modify it before it was posted. Any suggestions?
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JohnDMeyers
- Posts: 1338
- Joined: Sun Oct 07, 2007 9:50 am
- Location: Potsdam, NY
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Re: Releasing restricted funds for payroll
You may want to look at the charitable contributions aspects of this.
You may need to pay the pastor as a 1099 expense as opposed to an employee, and there may be some implications as far as offering a charitable contribution to the donors.
You may need to pay the pastor as a 1099 expense as opposed to an employee, and there may be some implications as far as offering a charitable contribution to the donors.
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