Fund Accounts
Posted: Tue Mar 21, 2017 4:49 pm
I am new at Power Church and took over for someone who left Church. Our Church is small with small income. They set up several Fund
Accounts. 01 for main Fund Account, 02 Missions, 03 Building Fund, 04 Sunday School, 05 Childrens Church, so forth, 15 Youth. Some of the Accounts like 18 Youth Missions are not used anymore. Is it normal for a small Church to have many accounts or should they have been run under 01 the main account? We give more to missions than we take in so there is a negative amount in the Fund Account for 02 at the end of the year. Do we continue with the negative balance into the new year or do we make some kind of transfer. Thanks for your help
Accounts. 01 for main Fund Account, 02 Missions, 03 Building Fund, 04 Sunday School, 05 Childrens Church, so forth, 15 Youth. Some of the Accounts like 18 Youth Missions are not used anymore. Is it normal for a small Church to have many accounts or should they have been run under 01 the main account? We give more to missions than we take in so there is a negative amount in the Fund Account for 02 at the end of the year. Do we continue with the negative balance into the new year or do we make some kind of transfer. Thanks for your help