Fund Accounting

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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nellmcd
Posts: 1
Joined: Mon Nov 30, 2015 3:48 pm

Fund Accounting

Post by nellmcd »

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?

NeilZ
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Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Fund Accounting

Post by NeilZ »

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?
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.
Neil Zampella

Using PC+ since 1999.

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