User Support Forum

I need to transfer funds from our checking to our investment with Missionary Chruch investments.
I have an Asset account (1210-000) that we initially setup when we installed PowerChuchPlus 14 with the previous money we had sent Missionary Chruch but now need to add to it. I would like to show we increased our asset in 1210-000 and sent money from checking 1110-000 to Missionary Chruch.
Struggling to figure out how to accomplish this.
thanks,

Murry_Page wrote: ↑

Sun Dec 22, 2024 3:01 am

I need to transfer funds from our checking to our investment with Missionary Chruch investments.
I have an Asset account (1210-000) that we initially setup when we installed PowerChuchPlus 14 with the previous money we had sent Missionary Chruch but now need to add to it. I would like to show we increased our asset in 1210-000 and sent money from checking 1110-000 to Missionary Chruch.
Struggling to figure out how to accomplish this.
thanks,

You're not changing your income as the funds have already been processed as income, such a transfer will only show when you do a balance sheet showing that there were funds shifted, and this will only show if that asset has its own fund balance account.

If it does, than a simple debit/credit transaction made in Funds Accounting will move the funds. I would have setup the 'mission church' up in a separate Accounting Fund so that when you transfer funds, there is a definite transfer needed.

Yes, I agree I should setup a separate saving account for Missionary church. I can still do that as we are just getting started.
Thank You,

Murry_Page wrote: ↑

Sun Dec 22, 2024 8:49 pm

Yes, I agree I should setup a separate saving account for Missionary church. I can still do that as we are just getting started.
Thank You,

Note I said a separate accounting fund, a separate savings account will still use the fund balance/equity account that the checking account uses. You can either create a separate accounting fund, or setup the mission account as a DONOR RESTRICTED fund, where the funds are kept in the checking, but are programmatically kept separate. So that when you write a check, you have to RELEASE the funds from the account, this is then traced in the financial reports.