User Support Forum

This year we have budgeted a monthly expense for Capitol Improvements to be transferred to our Building Fund. This week I made the transfer and realized I am probably doing this wrong. The transaction credits the General Fund checking, debits the Capitol Improvements expense account, debits the Building Fund checking account and credit the Building Fund Income account. This transaction will cause my income to be overstated in a consolidated report. I know there has to be a better way to do this. I could make the transfer from an expense account to an expense account with the same number, but this can be confusing. If I use a Funds Transfer that would not debit the expense account in the general fund. Any ideas on the best way to accomplish this.

What you're doing sounds right to me.

You're concerned about showing too much income on your consolidated report. Remember that you will also show an expense for money that really never left your church.

On a consolidated report, the "extra" income will be offset by the "extra" expense and the income/expense amount will be correct.