Releasing restricted funds for payroll

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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impactingpeople
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Joined: Sat Dec 04, 2010 10:08 am

Releasing restricted funds for payroll

Post by impactingpeople »

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?

JohnDMeyers
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Re: Releasing restricted funds for payroll

Post by JohnDMeyers »

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.
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