User Support Forum

We recently refinanced our mortgage. The mortgage balance before the refinance was $91,900.61. We received a $120,000 advance directly deposited into our checking account. That $120,000 needs to go into our Parking Lot Fund. The mortgage balance after the refinance was $211,900.61.

I am struggling with how to enter this information.

01-2209-000 Mortgage (Liability)
01-1011-000 Checking Account (Asset)
01-3130-000 Parking Lot Fund (Fund Balance, Restricted)
PowerChurch 11.5, Windows 7

We, too, just went through a similar refinance. I will anxiously await a reply to the original post.