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Fund Accounting vs. Contributions

Posted: Tue Aug 17, 2004 1:26 am
by Jaleen Fritz
My question is this: I am starting my year, have to enter all my deposits and all my debit card transactions. Which module do I use for each? Is it Fund Accounting for service charges, debit transactions and the like and Contributions for all tithes and offerings or,...???

I have 7 months to catch up and am getting pretty frustrated. I am just finishing entering my personal profiles to be able to start entering but need this info.

Thanx
JAF

Posted: Tue Aug 17, 2004 8:47 am
by Randy B
You will use the contributions module for your tithes and offerings which will allow you to print indivdual contribution statements at year end. Most people will run all the bank deposits thru the contribution module which brings aggegrate totals to fund accounting.

For your debit card transactions, you could handle two ways. One is to run them in the accounts payable module as a manual check. You may have to give it a dummy check number but this would allow you to keep use the totals by vendor the A/P module allows you. The other way for a debit card transactions is just to use the fund accounting and do a journal entry.

For bank service charges, entering a journal entry in fund accounting would be the best way to handle.

Posted: Tue Aug 17, 2004 12:38 pm
by Jaleen Fritz
Thank you Randy. Your answers are very helpful. I was beginning to feel really bogged down with getting started with this info.

God bless,
Jaleen