Transferring from functional statement
Moderators: Moderators, Tech Support
-
- Posts: 35
- Joined: Mon Jun 07, 2004 9:15 pm
Transferring from functional statement
I have some accounts that still have funds in them that will not be used, how do I go about transferring these funds into the general fund without them showing as income? Please be very specific and detailed when responding! I am very new to powerchurch and still have ALOT to learn!
J Foster
-
- Program Development
- Posts: 835
- Joined: Tue Sep 02, 2003 12:48 pm
- Location: PowerChurch Software
- Contact:
Instead of using an income transfer account, you could offset the fund balance in each fund. That would do about the same thing. For instance:
To transfer $500 from your default bank account in fund 03 into fund 01, the transaction would look something like this:
03-1110-000 credit $500
03-3001-000 debit $500
01-1110-000 debit $500
01-3001-000 credit $500
Hope that helps.
To transfer $500 from your default bank account in fund 03 into fund 01, the transaction would look something like this:
03-1110-000 credit $500
03-3001-000 debit $500
01-1110-000 debit $500
01-3001-000 credit $500
Hope that helps.