New construction fund accounting

[astrunk1]

Our church has plans to start building a new church. In planning ahead for the accounting of expenses for this, what is the best way to track all the associated expenses? We will have a separate building fund to take in contributions for this construction, as well as loan money. Do you add an expense account for this?

[NeilZ]

Our church has plans to start building a new church. In planning ahead for the accounting of expenses for this, what is the best way to track all the associated expenses? We will have a separate building fund to take in contributions for this construction, as well as loan money. Do you add an expense account for this?

You should have a separate fund account entirely to keep the tracking of all income and expenses for the construction.

I did a search on "Building Fund" in the forum, and found this thread that should detail your setup:

http://powerchurch.com/forum/viewtopic. ... 85&p=15709