Making a single payment from two restricted accounts
Posted: Thu Dec 19, 2024 4:28 am
I have two restricted accounts one that hold funds donated to all missionaries we support. One holds individual donated money to a specific missionary.
The missionary account has 100.00 in it.
I need to pull from both restricted accounts and create one payout check to the specific missionary. I have setup an expense account for the missionary.
I credited 100.00 from Missions restricted income account and debited checking then released 100.00 transaction. I did the same for the missionary account. I was then going to write a 200 check out of expense account against checking account to the missionary.
For some reason I show I did not accomplish my goal because the missionary account did not go from 100 to 0 after posting (stayed same). The Mission account showed I moved the money. I tried couple times, so it has to be my procedure.
So, what procedures should I have used? I am backed up before making transaction so just need to handle it correctly.
Thank You,
The missionary account has 100.00 in it.
I need to pull from both restricted accounts and create one payout check to the specific missionary. I have setup an expense account for the missionary.
I credited 100.00 from Missions restricted income account and debited checking then released 100.00 transaction. I did the same for the missionary account. I was then going to write a 200 check out of expense account against checking account to the missionary.
For some reason I show I did not accomplish my goal because the missionary account did not go from 100 to 0 after posting (stayed same). The Mission account showed I moved the money. I tried couple times, so it has to be my procedure.
So, what procedures should I have used? I am backed up before making transaction so just need to handle it correctly.
Thank You,