Page 1 of 1

Donation $$ to pay for bible study materials

Posted: Thu Jun 29, 2006 5:53 pm
by Dave Farrington
Got a couple of questions for anyone who can help

We do a Wednesday night study and the church pays for the materials. Often folks will help defray the cost of the matrials by making a donation to to the church to help pay for the books. We let everyone keep the books regardless of whether or not they make a donation. My questions are:
1) Should this be handled like a normal contribution?
or
2) Should I set up a separate bible study income account to capture the money given/paid
or
3) shoud I just credit the Wednesday study expense account? (which I accidentally did last week and from what I have read on the forum I think is wrong.)

(Using Version 9)
Thanks Dave

Re: Donation $$ to pay for bible study materials

Posted: Fri Jul 14, 2006 10:06 am
by NeilZ
Dave Farrington wrote:Got a couple of questions for anyone who can help

We do a Wednesday night study and the church pays for the materials. Often folks will help defray the cost of the matrials by making a donation to to the church to help pay for the books. We let everyone keep the books regardless of whether or not they make a donation. My questions are:
1) Should this be handled like a normal contribution?
or
2) Should I set up a separate bible study income account to capture the money given/paid
or
3) shoud I just credit the Wednesday study expense account? (which I accidentally did last week and from what I have read on the forum I think is wrong.)

(Using Version 9)
Thanks Dave
At my former church, we setup the reimbursement as a separate contribution fund, that transferred money over to the expense account in Funds Accounting. This contribution fund is 'outside' the normal funds that are listed on the yearly statement as it would not be tax deductable as they are paying for an item they have received.