User Support Forum

I am using PC Ver 10.4. We currently have two checking accounts--01-1110 General Fund and 01-1130 Cemetery Fund. We want to close the cemetery checking account and deposit the funds in our general checking account. I assume I need to set up a 32xx temporarily restricted account to keep track of available $$ for the cemetery. What transactions do I need to do in PC to move the money?

To move the money from checking account to another is done like this:
DB 01-1110-000
CR 01-1130-000

To keep track of the money that was in the cemetery account can be done a number of different ways. If it was donor-restricted to begin with, then you should have an income account already setup with the income amount in it. That income account should be in the Temporarily Restricted Income section.

If it is not, then perhaps the income wasn't "donor-restricted" but a decision of your church board on how use the money. In that case, you could just setup an expense account for cemetery use and place the remainder amount in the budget for that account.

If it was a "donor restriction" then read through the thread on the link below and see if you can get all the accounts setup. If you have questions, don't hesitate to ask.

http://powerchurch.com/forum/viewtopic. ... ted#p15315

We began using Power Church last year. At that time, we set up the cemetery checking account (01-1130) with a beginning balance. Now I have set up a 42xx cemetery income account and a 32xx cemetery equity account. What transactions do I need to do to get the balance in the checking account into the equity account? Thank you.

The 42xx account should close to the 32xx account. If that is the case, then any income you entered this year will be correctly taken care of.

It's still a little unclear what you are asking. I will tell you how to get last year's ending balance of 01-1130-000 reflected in the correct accounts.

First, find out what the ending balance was.

Since it was recorded as unrestricted net assets at the end of last year, you should adjust your beginning balance for 1/1/2010 in your unrestricted net assets.

Let's say the ending balance for 01-1130-000 was $750.00

Here's how I would do this:
Date this transaction 1/1/2010 and post it in your current working month:
DB 01-3110-000 $750.00
CR 01-32xx-000 $750.00

That should do it.

Thank you. That worked.