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moving money within asset accounts
Posted: Mon Jan 02, 2017 3:56 pm
by NHTreasurer
How do I move money from our general account into a savings account. I already have an asset account set up for savings
Re: moving money within asset accounts
Posted: Mon Jan 02, 2017 4:28 pm
by Zorak
If the accounts are both in the same fund, meaning the account numbers both start with 01- or the same two digits, then you can enter a transaction in Fund Accounting that credits the account the money is moving from and debit the account the money is moving to. For example:
01-1110-000 Checking (credit) $100.00
01-1210-000 Savings (debit) $100.00
If the accounts are in two different accounting funds, you would need to set up and use transfer accounts as detailed in the article linked below.
https://www.powerchurch.com/support/57/ ... and-higher
Re: moving money within asset accounts
Posted: Mon Jan 02, 2017 4:36 pm
by NHTreasurer
NHTreasurer wrote:How do I move money from our general account into a savings account. I already have an asset account set up for savings
Thank you. Happy New Year!