unrestricted miscellaneous income account

[athomas]

This account is part of the general fund and only exists to put small amounts of $ received not fitting in other categories. Is it appropriate to debit misc for the money being taken rather than an expense account. If not, will the $ always show in the account. Please explain how this works. Thanks.

[NeilZ]

This account is part of the general fund and only exists to put small amounts of $ received not fitting in other categories. Is it appropriate to debit misc for the money being taken rather than an expense account. If not, will the $ always show in the account. Please explain how this works. Thanks.

Um ... how do you account for normal tithes and offerings? This is income, period. These funds, as unrestricted, should to the same Unrestricted Fund Balance (Equity) account as tithes and offerings.

Unless you're restricting the income, its available for any use. The funds will show up as income for the year (the same as tithes & offerings) and start at zero and the start of the next fiscal year.

So you credit checking, and debit an expense when writing the checks.