I thought I had the whole concept of release accounts straight as I used them for years with another church. I've set up the Temporarily Restricted Income accounts, the Temp Restricted Release accounts and the Temp Restricted Expenses accounts. I've input the beginning balances in my restricted accounts such that the 6-30-2018 Balance Sheet in PCP matches the old software system reports. When I enter the transaction in Accounts Payable and release the funds, it appears that the amount is subtracted twice. I've looked at this every which way (but the right one - otherwise I would have figured it out
) and am just not seeing it. All transactions are currently unposted. When I run the reports, I check the "include unposted transactions" box . Here's the flow - 6-30-2018 Beginning balance - Soup Night Ministry $ 1,908.88
7-11-2018 check for $41.43 -
CR 01-1120-000 - Designated checking account - $41.43
DR 01-5005-107 - Soup Night Ministry expense account - $41.43
DR 01-4835-107 - Soup Night Ministry release fund - $41.43
CR 01-4999-000 - Released from restriction fund - $41.43
7-31-2018 Ending balance - Soup Night Ministry - $1,826.02 ( a difference of $82.86) but it should be $1,867.45
On the 7-31-2018 Income & Expense report, the "Release From Restrictions", "Temp Restricted Release" line shows ($41.43) and under "Expenses" "Temp Restricted" line shows $41.43.
The Cash Management Report shows the following -
01-3235-107 Soup Night Ministry
Posted balance $1,908.88
Total unposted in fund accounting (82.86)
Adjusted Account Balance $1,826.02
I'm sure this is something simple but I've looked at it so long, I'm not seeing it. I've actually got several transactions with this same problem so any help would be much appreciated.
