User Support Forum

Our asset banking accounts were setup with DB, instead of CR. Is it possible to switch them to CR without deleting, and recreating them? Thanks, financedepartment

Bank asset accounts should be Debit accounts.

Are you referring to the Preferences, where you define the range of numbers, or to individual accounts?

Your asset accounts are typically 1000-1999 and are debit accounts.

John,

I am referring to the individual accounts. Thanks, Gene

John,

We have Bank Accounts as DB (1000-1999). I am trying to figure out why our offering contribution account is coming out a negative number in the budget report. I was looking for a positive number, indicating the total offering contribution for the year. Thanks, Gene

Look in your Contributions module under Maintain List of Contribution Funds and pull up the fund you use for General Tithes and Offerings.

The Debit account should be the checking account.

The Credit account should be an income account.

If you those two accounts switched, that may be what is causing your negative numbers.

If that is the case, the fix is fairly simple.

Your Contributions will be correct (the envelope numbers of the members will reflect the correct amounts of giving).

Your Fund Accounting will need to be corrected. You can either make a series of correction entries, one for each date that a contribution was made, or make one correction entry for the total.

In either case, the correction entry will be:

DB checking $=twice the contribution amount
CR income $=twice the contribution amount