Where to process Prayer Breakfast tickets?

[Lbuford]

We sold tickets for a Member prayer breakfast all for expenses no part of it a donation or ads. Where would I record that in Power Church? Would that be under a new contribution fund?

[NeilZ]

We sold tickets for a Member prayer breakfast all for expenses no part of it a donation or ads. Where would I record that in Power Church? Would that be under a new contribution fund?

Not a contribution, you would have used the Accounts Receivable module to record the sale and payment. Since it appears this function is already past, you would record it via a transaction in Funds Accounting. I would not deposit these funds on the same deposit slip as you do regular Sunday collections.

Now a lot depends on how you paid out the funds for expenses. If you did that using Accounts Payable, then you need to show the income via a miscellaneous income account, not the standard Tithes & Offerings, as this was not normal income. If you don't have such an income account, create one, it should close to the standard operating funds account (default in Powerchurch 01-3110-000).

Your Funds Accounting transaction will be almost the same as a standard Contributions deposit transaction except you would use the miscellaneous income account, instead of the tithes & offerings.

If the expenses were paid out differently, let us know.

[Lbuford]

Thanks for your reply. The expense for the food came from the ticket sales. So how should I proceed?

[NeilZ]

Thanks for your reply. The expense for the food came from the ticket sales. So how should I proceed?

OK .. so you paid cash for all the expenses, and have cash remaining? I would deposit that as I listed above as miscellaneous income.

[Lbuford]

Thank You!

[Lbuford]

I forgot to ask. What report will this transaction be on?

[NeilZ]

I forgot to ask. What report will this transaction be on?

Well, it should show up on the I&P report.