User Support Forum

Seeking assistance on how to enter the following transaction in version 10:

Funds in a restricted account accumulated at the end of the year (2009) to be transferred out of the General Operating account (liability) to an account designated for the restricted funds. The account designated for the restricted funds is not set up on PC. What are the steps to record this transfer?

trees wrote:Seeking assistance on how to enter the following transaction in version 10:

Funds in a restricted account accumulated at the end of the year (2009) to be transferred out of the General Operating account (liability) to an account designated for the restricted funds. The account designated for the restricted funds is not set up on PC. What are the steps to record this transfer?

Are you going to create the restricted funds account in Powerchurch ?

That would be ideal, however, I am new to PC and not sure how to set up an additional checking account on PC.

trees wrote:That would be ideal, however, I am new to PC and not sure how to set up an additional checking account on PC.

Why do you need a separate account, you can restrict the funds in Powerchurch programmatically.

The previous finance staff has it set up that way, e.g. one checking acct set up for gen'l fund is on PC, another checking acct for bldg fund in another checking acct, and not set up on PC. All incoming contributions for bldg fund deposited into gen'l fund account and at end of year, bldg fund contributions transferred out to bldg fund checking acct.
How do I reorganize that programmatically?

To make sure I have everything correct. You have:

A checking account that is not now shown in Fund Accounting.

You need to transfer money out of your main checking account into this other account.

Do you want to record the balance of this other account in Fund Accounting? If so, do you know what the balance of this account was before you made the transfer?

It will not be very hard to add the account to PC+ and get the balance established.

Correct, the balance of the account to which the funds were transferred have been established.
To set up this account and enter transaction of transfer will be helpful.