User Support Forum

We have Powerchurch 9-Windows XP
We have a savings account 1210.
Last year we originally specified a regular savings 4200 $10000.
Building Fund 4300 $$$$$
Van Fund 4400 $$$$
How do I get the balances of each of these income accounts to show their amount in a report for business meeting. When the new year started the amounts of each of these went to $0. Am i missing something or are they done incorrectly. Please help. Yes I know its already May. I am a little behind. Your help is appreciated. Thanks Liz

Income and expense accounts (those 4000 level accounts are Income accounts) are used to measure the amount of money coming in or going out for a particular period. They do not actually hold a balance, and will be zeroed out at the end of the year close. The situation you describe sounds appropriate.

The best way to handle this sort of thing is to create restrictions for each of those designated amounts. The balance of your restricted accounts will be held in an equity account, and it does retain its value from one year to the next. There is a ton of information on setting up and maintaining donor restrictions both in the version 9 manual, and in this document: http://www.powerchurch.com/support/answ ... icle_id=58

That said, to get you a quick fix for this report, you can enter a transaction that will put balances into those income accounts. In Fund Accounting -> Enter Transactions, you can enter a transaction where you credit the appropriate income account for the amount you want, and offset that with a debit to your unrestricted net assets (generally 3110-000). Post that, and your report will show what you want.