Page 1 of 1

Releasing restricted funds for payroll

Posted: Thu Feb 17, 2011 10:38 pm
by impactingpeople
We have a minister who raises his own support for his salary. I have it in a temporarily restricted fund. When I process his payroll, it does not give me an option to release the payroll from restricted funds. However, in the past, it did give that option when I went in to modify it before it was posted. Any suggestions?

Re: Releasing restricted funds for payroll

Posted: Fri Feb 18, 2011 6:54 am
by JohnDMeyers
You may want to look at the charitable contributions aspects of this.

You may need to pay the pastor as a 1099 expense as opposed to an employee, and there may be some implications as far as offering a charitable contribution to the donors.