Accounting 101

aloha · Post by **aloha** » Tue Jun 21, 2005 7:04 pm

We have just started to use the Accounting module. Checks to vendors and checks to employees were entered using the manual check function. Contributions have been posted for the same month.
Why do I not see a checking account balance and why aren't the contributions offsetting the expenses (checks written) ?

Help!

NeilZ · Post by **NeilZ** » Tue Jun 21, 2005 9:53 pm

aloha wrote:We have just started to use the Accounting module. Checks to vendors and checks to employees were entered using the manual check function. Contributions have been posted for the same month.
Why do I not see a checking account balance and why aren't the contributions offsetting the expenses (checks written) ?

Help!

Has anyone posted contributions from the contributions module, and has anyone posted transactions in the funds accounting module ??

aloha · Post by **aloha** » Tue Jun 21, 2005 11:52 pm

Yes. Contributions have been posted from the Contributions module and transactions have been posted in the Fund accounting module.

NeilZ · Post by **NeilZ** » Wed Jun 22, 2005 12:26 am

aloha wrote:Yes. Contributions have been posted from the Contributions module and transactions have been posted in the Fund accounting module.

Did the Contributions module post directly to the Funds Accounting module, and the checking account in particular ?? When you review the posted transactions in the funds accounting module, do you see the transfer to the checking account under the contribution transcation?

What do some of the other reports show ... does the income and expense report show income and expenses ??

aloha · Post by **aloha** » Wed Jun 22, 2005 10:27 am

No. The contributions did not post to the Funds Accounting module. When I run an imcome and expense report I get all $0.00. What am I doing wrong?

NeilZ · Post by **NeilZ** » Wed Jun 22, 2005 4:10 pm

aloha wrote:No. The contributions did not post to the Funds Accounting module. When I run an imcome and expense report I get all $0.00. What am I doing wrong?

I would review your contributions setup to make sure that the contribution funds are pointed to the correct Fund Accounting accounts. This is a MUST .. i'd also review the manual as I listed above, as it can give you a better idea of what to look for, and what to do when posting than I can.

FWIW .. I suspect that whoever posted contributions, did not choose the 'post to fund accounting' choice on the posting screen.

aloha · Post by **aloha** » Wed Jun 22, 2005 6:11 pm

Thank You! You have been a great help! I will let you know how it works out.

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Accounting 101

Accounting 101

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