Fund Accounting
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Fund Accounting
How do I set up an expense account for temporarily restricted accounts? I work with a small church and we use Windows 7. I have Power Church 11.55 and the church has 4 temporarily restricted accounts that contributions are going into and out of for various expenditures that are not budget items. I cannot seem to get these to post correctly. I think I need to set up expense accounts for each. Is that correct?
Re: Fund Accounting
Not really, if the expenses are covered in existing expense accounts, then all you need to do is make sure you release the funds when you write the check.nellmcd wrote:How do I set up an expense account for temporarily restricted accounts? I work with a small church and we use Windows 7. I have Power Church 11.55 and the church has 4 temporarily restricted accounts that contributions are going into and out of for various expenditures that are not budget items. I cannot seem to get these to post correctly. I think I need to set up expense accounts for each. Is that correct?
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.