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Transferring from functional statement
Posted: Mon Dec 27, 2004 12:31 pm
by jfoster182
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!
Posted: Fri Dec 31, 2004 9:13 am
by Zaphod
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.