Bank Accounts/Ledger Bank Funds

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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kilpatrick
Posts: 41
Joined: Fri Nov 02, 2012 1:18 pm

Bank Accounts/Ledger Bank Funds

Post by kilpatrick »

Hi! This is Tina from Kilpatrick Church, PowerChurch Plus V.11.5

We have one bank account, but two accounting funds. When I transfer from one fund to another fund, it does not actually transfer at the bank. So, how do I balance the bank statements against the ledger?

Zorak
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Re: Bank Accounts/Ledger Bank Funds

Post by Zorak »

If you are transferring from the same account, just in two different funds, then the transaction will show up with a $0 amount. The Reconcile Bank Accounts screen only asks for the middle four digits of the account number (the major account) to reconcile and it consolidates transactions from all funds (the first two digits of the account number) and sub-accounts (the last three digits of the account number)

kilpatrick
Posts: 41
Joined: Fri Nov 02, 2012 1:18 pm

Re: Bank Accounts/Ledger Bank Funds

Post by kilpatrick »

Okay, thank you!

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