Adding an existing CD to PowerChurch PC

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

Moderators: Moderators, Tech Support

Post Reply
HughMcD
Posts: 1
Joined: Thu May 20, 2021 5:44 pm

Adding an existing CD to PowerChurch PC

Post by HughMcD »

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.

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Adding an existing CD to PowerChurch PC

Post by NeilZ »

HughMcD wrote:
Mon Mar 21, 2022 12:10 pm
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.
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.

Again, always do a backup of the accounting database before making any changes :)
Neil Zampella

Using PC+ since 1999.

Post Reply