Old Benefit Deductions on Current Balance Sheet

[wabclubbock]

Hi,

I recently took over from our previous secretary and I noticed on our general balance sheet that there are 2 old benefit deductions listed. They are not being currently withheld or paid for anyone on staff anymore. Is there a way to find where this info is kept in Power Church to remove it from the balance sheet? I did uncheck the active box on the vendor record but that did not help. Any ideas?

Thank you!

[NeilZ]

Hi,

I recently took over from our previous secretary and I noticed on our general balance sheet that there are 2 old benefit deductions listed. They are not being currently withheld or paid for anyone on staff anymore. Is there a way to find where this info is kept in Power Church to remove it from the balance sheet? I did uncheck the active box on the vendor record but that did not help. Any ideas?

Thank you!

I'm assuming these are liabilities, and are there any funds listed in these? If so, that's why they're appearing. FWIW .. unchecking the vendor active box has no affect on anything in Funds Accounting itself.

[wabclubbock]

Yes, the general fund is attached. I was able to make it 'inactive' but that did not help either. It also will not allow me to delete the account since there is transaction history. It throws off the balance sheet by them being included.


Thanks!

[NeilZ]

Yes, the general fund is attached. I was able to make it 'inactive' but that did not help either. It also will not allow me to delete the account since there is transaction history. It throws off the balance sheet by them being included.


Thanks!

Yes, you won't be able to delete any accounts with history. How old are these deductions? You didn't confirm if they were liabilities or not.

[wabclubbock]

Yes, they are liabilities. One deduction is from 2020 and hasn't been used since and the other is from 2021.

[NeilZ]

Yes, they are liabilities. One deduction is from 2020 and hasn't been used since and the other is from 2021.

Are there still funds in those accounts? If so, you can empty the accounts back to your checking account. If they are showing a negative amount that's a different story.

In any case, once the accounts shows that it contains zero funds, it will not affect anything.