Hello Every,
We use PC+ V.9.
We have 3 funds (& 3 checking accounts. (General, Bldg., Rental). I'm not sure as to how to do 2 things. We are trying to rasie funds to build a new wing to the church (Edu. Bldg). We want to use restriicted accts. It appears to me that once you move income from restricted to unrestricted then the fund balance is reducted by that amount. If that is true then how do you account for the expense? If we have a separate checking account in the building fund, at some later date, won't writing a check to that account double dip?
If we expense the new wing as weacquire funds, how do we record it. (We want the membership to know what we are doing with the funds such as land clearing, legal, etc)
Tom
2nd Baptist of Ypsilanti
Restricted Accts. -Tracking Exp
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