posting question

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

Moderators: Moderators, Tech Support

Post Reply
tleverly
Posts: 6
Joined: Tue Apr 12, 2005 7:09 pm

posting question

Post by tleverly »

We have closed out a CD which had an account number and we wish to deposit into our checking account and have the total amount go into our building fund. What would be the best way to make this happen? I have tried a couple things but can't get everything to balance :cry:
Thanks, Todd :?:

Zaphod
Program Development
Program Development
Posts: 834
Joined: Tue Sep 02, 2003 12:48 pm
Location: PowerChurch Software
Contact:

Post by Zaphod »

What are the accounts in question here? It sounds like you want to transfer money from an asset in your general fund (the CD) to an asset in the building fund (checking). Assuming that your CD is account 01-1210-000, your building fund checking is 02-1110-000, and you have a transfer account of 9110-000 included in both funds, the transaction would look something like this:

01-1210-000 credit
01-9110-000 debit
02-9110-000 credit
02-1110-000 debit

For more information on transferring between funds, please see this knowledge base article: http://www.powerchurch.com/support/answ ... icle_id=56
PowerChurch Software Technical Support
(800) 486-1800
http://www.powerchurch.com/

Post Reply