Adding a Deposit for Bank Reconciliation

[antiochmbc]

We used another database prior to installing Powerchurch, so I'm having to enter all information from January and February so that we will be able to show the entire year in Powerchurch. When I set up the funds accounting, I picked up the ending balance for the checking account as of December 31st, and there were no outstanding checks. However, we did have a deposit for December 31st that didn't get credited to the account until January 2nd. I am trying to reconcile January, but I don't know how to handle the January 2nd deposit since the contribution distribution was done in the prior year. Under fund accounting, I tried to enter a transaction to debit the checking account for the amount ($3000), but I don't know what goes on the second accounting line. If I try just entering a single line to debit the account, I get the error about the transaction is not balanced. Appreciate your help!

[NeilZ]

We used another database prior to installing Powerchurch, so I'm having to enter all information from January and February so that we will be able to show the entire year in Powerchurch. When I set up the funds accounting, I picked up the ending balance for the checking account as of December 31st, and there were no outstanding checks. However, we did have a deposit for December 31st that didn't get credited to the account until January 2nd. I am trying to reconcile January, but I don't know how to handle the January 2nd deposit since the contribution distribution was done in the prior year. Under fund accounting, I tried to enter a transaction to debit the checking account for the amount ($3000), but I don't know what goes on the second accounting line. If I try just entering a single line to debit the account, I get the error about the transaction is not balanced. Appreciate your help!

If you don't want to show the income in 2018's income, and there's no restrictions on any of the funds collected, then you would enter a transaction in the Fund Accounting module like the following, using the Powerchurch default account numbers for Checking: 01-1110-000, and the Net Equity (Net Assets) account of 01-3110-000

01-1110-000 DB Checking 3000.00
01-3110-000 CR Net Assets 3000.00

Use the date of Jan 3rd

[antiochmbc]

Neil, thanks so much. I certainly appreciate your prompt assistance as I muddle my way through this setup process. Its getting easier, and I'm looking forward to when we have Powerchurch fully operational.

[Dione Clagg]

I am so glad you have an online blog here! I have a question kind of the reverse of the previous one. An online tithe payment was made after the books were already closed for June so my reconciliation shows that amount unreconciled. This tithe payment was posted in the following month. Would I use 01-1110-000 cr for the amount, not sure what to use for the DB. If I reverse the tithe payment from the next mo I'm going to have the problem in reverse. oioioi.. THank you in advance!!

[Dione Clagg]

BTW I have version 10.4, would like to update but?????
Thanks

[NeilZ]

BTW I have version 10.4, would like to update but?????
Thanks

I saw in another topic that you figured your initial problem, but what was the question you had about updating to the latest version?

You do know that all versions under v11/11.1 are not being maintained any longer.