Adding Accounting Fund assignments to contribution funds

CJ · Post by CJ » Mon Feb 28, 2005 7:40 am

I'm not sure if I should post this in contributions or accounting so i'll try both.

Can I add accounting info (credit & debit account 3's) to contribution funds mid year? We currently only use the contribution side of PowerChurch Plus 8 but we are working on incorporating the accounting side as well. For the months of Jan and Feb can I have my contributions funds going no where (00-0000-000) and then say in March assign them to accounting funds (General Fund, Building Fund etc.)?

Thanks in advanced for you help!

Matt · Post by **Matt** » Mon Feb 28, 2005 8:58 pm

Sure. Just be careful to do this transition in such a way so that you don't end up duplicating postings or losing transactions.

CJ · Post by CJ » Mon Feb 28, 2005 9:41 pm

Thanks for your reply. Could you please give me some pointers as to how to be careful, as you suggest. What steps would I need to consider?

Matt · Post by **Matt** » Mon Feb 28, 2005 9:56 pm

I assume that even though you aren't using Fund Accounting right now, that you are recording the deposits for your contributions in an offline accounting record somewhere. When you transition to using the Fund Accounting module, you just need to make sure that you don't overlap or miss deposits between the offline records and the PowerChurch records. For example, if you assign accounts to the contribution funds in March, then you would need to make sure that the checking account balance you transfer from your offline records does not include any March deposits. That, of course, assumes that you will no longer be using your offline accounting records and will use Fund Accounting in PowerChurch instead.

CJ · Post by CJ » Tue Mar 01, 2005 9:03 am

I understand.
Thank-you