Accounting setup

jholder · Post by **jholder** » Thu Jan 27, 2005 7:41 am

This is my initial setup for accounting. At the beginning it asks for all outstanding checks and deposits. My question is this, if I enter deposits from the beginning of the year (Jan 1) and then later enter contributions from the beginning of the year, will it change the the amount in the account? Hope this makes sense.

tborgal · Post by **tborgal** » Thu Jan 27, 2005 9:27 am

Yes it will. So if all your deposits are contributions you will only need to enter the contributions. If you have deposits other than contributions enter those as seperate deposits.

If you deposit your contributions as they are recieved make sure that you post each weeks after they are entered so that your deposits will match with what the bank will show. If you enter all your contributions before you post them they will be combined as one deposit and make reconciliation a little more difficult.