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Posted: **Fri Aug 28, 2020 8:55 am**

How do we put in loans for churches that we give and then post payment when recieved?

I have it where i go into conributions then i apply to fund account of what is paid in principal which is apply t0 04- church loan fund checking account 04-1110 by debiting and crediting account 04-444 which is the church who has the loan out and for interest i debit 04- 1110 checking loans and credit 04-4407 which is the church who has the loan out interest account, then i also post undering church reduction debiting 04- 3444 church revolving loan prinicpal balance of church that owes the loan and crediting 04-3439 church extension revolving loan

How do i get it to print statemetn in powerchurch what they paid and wht thier balance is like when i go to pring their their pledge statements it shows outstanding balance how can i get the loans to do the same. For each individual church

Posted: **Fri Aug 28, 2020 4:05 pm**

bking403 wrote: ↑
Fri Aug 28, 2020 8:55 am
How do we put in loans for churches that we give and then post payment when recieved?

I have it where i go into conributions then i apply to fund account of what is paid in principal which is apply t0 04- church loan fund checking account 04-1110 by debiting and crediting account 04-444 which is the church who has the loan out and for interest i debit 04- 1110 checking loans and credit 04-4407 which is the church who has the loan out interest account, then i also post undering church reduction debiting 04- 3444 church revolving loan prinicpal balance of church that owes the loan and crediting 04-3439 church extension revolving loan

How do i get it to print statemetn in powerchurch what they paid and wht thier balance is like when i go to pring their their pledge statements it shows outstanding balance how can i get the loans to do the same. For each individual church

Um ... you're making it do something it was never designed for. Contributions was intended for 'contributions' not for loan payments. I would think that Accounts Receivable would be a better module to use for this has it can issue invoices, and give statements as to amount paid, remaining balance, etc.

Posted: **Mon Aug 31, 2020 9:09 am**

so would it be able to be set up with loans that have amortization this is how it was set up with loans when we got it if i change it will it mess anything up

Posted: **Mon Aug 31, 2020 10:37 am**

bking403 wrote: ↑
Mon Aug 31, 2020 9:09 am
so would it be able to be set up with loans that have amortization this is how it was set up with loans when we got it if i change it will it mess anything up

I'm assuming that the amortization is calculated prior and entered as part of the loan amount? If so yes, you can do that, you can also be able to add on late fees much easier.

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