Savings Account Transaction

[Vicki2]

I use Power Church 8.5. We have 3 seperate accounts: 01 General Fund, 02 Designated Fund, 03 Savings Fund. I would like to know how to reflect a Cashiers Check written from 03 Savings Account to pay for Insurance. Money is automatically transferred monthly from 01 GF to 03 Savings, then when the bill comes due we pay with a cashiers check. I can't do the transaction where it will reflect in the 01 GF because I write a manual check every month to show the amount that is transferred at the bank and therefore it would show as double the expense. Hope you have some ideas.

Thanks,
Vicki2

[Zaphod]

A FUND (signified by the 01, 02, 03) is a collection of accounts (asset, liability, income, expense, equity). A savings account is an asset, as is a checking account. It sounds like what you need to do is include the same account in each of your funds so you can use it as you need to. For instance, if your checking account in your General Fund is 01-1110-000, you could have an account 03-1110-000 that would be your Savings Fund checking account. Your Savings Fund savings account might be something like 03-1210-000. The transaction you'd have would then use the 03-1110-000 instead of the same account in the 01 fund.