We are a current user of Power Church 11.55. We have an existing CD that we have not entered into PowerChurch. I would like to enter it into our existing system so that we can have complete financial reporting.
I plan to add an account 1310-010 CD **3694 General Fund as an asset account.
And I plan to use account 3110-00 as Unrestricted Net Assets.
My question i show can I add an initial amount to this CD?
Thanks for any help or suggestions.
Adding an existing CD to PowerChurch PC
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Re: Adding an existing CD to PowerChurch PC
Easy .... create the account as you wish, then create a transaction in Funds Accounting that DEBITs the 1310-000 account, and CREDITS the 3110-000 account for the current amount in the CD. When you get interest updates you would add that amount in the same way.HughMcD wrote: ↑Mon Mar 21, 2022 12:10 pmWe are a current user of Power Church 11.55. We have an existing CD that we have not entered into PowerChurch. I would like to enter it into our existing system so that we can have complete financial reporting.
I plan to add an account 1310-010 CD **3694 General Fund as an asset account.
And I plan to use account 3110-00 as Unrestricted Net Assets.
My question i show can I add an initial amount to this CD?
Thanks for any help or suggestions.
Again, always do a backup of the accounting database before making any changes
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.