Transfer Between Accounts

[billdb]

I am writing a check in checking account 1110 for an expense of a restricted fund (70) that is located in checking account 1190. I know that I must transfer dollars from account 1190 to 1110 and charge the expense account for fund 70. But I am not sure how to properly use the transfer accounts. I know that I also must release the restricted funds in fund 70. Can you help? This is all new to me since I just started using the accounting program.

[BroDave]

You might get a quicker response if you include information like which version of PowerChurch are you using? and do you have multiple, actual bank accounts?
I'm no expert, as I have been using this accounting software since April which is my first experience with accounting software, period. But if you start out by spending time reading all through the forum, at posts that interest you, you'll probably find an example that nearly fits your situation. I had a problem with transfers, myself, as we have 01 and 02 funds, and I didn't know how to transfer money from one to the other. The most important thing I learned was to make backups. It's easy, and can save you a lot of headaches. Any time I think I'm about to make a risky move, I try to remember to make a backup of my current database first. I don't know your level of knowledge, but backup is under Utilities.

I am using version 11.55, and was able to look up help on the PowerChurch website, in Support. It gave examples of transferring money from one account to another, or one fund to another. The first time I tried, I got the credit and debit mixed up, and didn't do a backup. I had to rebuild back to January. It was an expensive lesson, but I figured out that I needed backups, many backups until I get settled. I still do them, and probably will make it a daily thing, once I get settled, but right now, it's at least twice a day.

Another thing I had a problem with was reversing transactions. I didn't understand that NOTHING can be deleted, according to accounting principles. Ergo, backups.

Did I say Backup frequently? Do.

May the Lord establish the work of your hands, and help you in this work for Him.

[NeilZ]

I am writing a check in checking account 1110 for an expense of a restricted fund (70) that is located in checking account 1190. I know that I must transfer dollars from account 1190 to 1110 and charge the expense account for fund 70. But I am not sure how to properly use the transfer accounts. I know that I also must release the restricted funds in fund 70. Can you help? This is all new to me since I just started using the accounting program.

First question, as BroDave said, please let us know what version of Powerchurch you are using.

Second question, or clarification:

Checking account 1110 is listed under fund 01?? There is a checking account (with separate checks, deposits, etc) in fund 70 with number 1190 ??

This is the only reason why you would be having two different numbers for checking accounts, completely separate bank accounts.

Please let us know if that is the case, as that information determines what type of answer to give.