Fund Accounts

[FBCro]

I am new at Power Church and took over for someone who left Church. Our Church is small with small income. They set up several Fund
Accounts. 01 for main Fund Account, 02 Missions, 03 Building Fund, 04 Sunday School, 05 Childrens Church, so forth, 15 Youth. Some of the Accounts like 18 Youth Missions are not used anymore. Is it normal for a small Church to have many accounts or should they have been run under 01 the main account? We give more to missions than we take in so there is a negative amount in the Fund Account for 02 at the end of the year. Do we continue with the negative balance into the new year or do we make some kind of transfer. Thanks for your help

[NeilZ]

I am new at Power Church and took over for someone who left Church. Our Church is small with small income. They set up several Fund
Accounts. 01 for main Fund Account, 02 Missions, 03 Building Fund, 04 Sunday School, 05 Childrens Church, so forth, 15 Youth. Some of the Accounts like 18 Youth Missions are not used anymore. Is it normal for a small Church to have many accounts or should they have been run under 01 the main account? We give more to missions than we take in so there is a negative amount in the Fund Account for 02 at the end of the year. Do we continue with the negative balance into the new year or do we make some kind of transfer. Thanks for your help

It sounds like they were using Fund Accounts as normal accounts.

Unless you have separate checking accounts for each ministry area, you would have these under the standard 01 Operations.

It may be a good idea to look at restarting accounting thus you would have a clean slate on which to setup your COA. If you want a good idea on what many churches use for a Chart of Accounts, you could download the demo version of Powerchurch and take a look at the one installed there.