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Reporting Expense for last year
Posted: Fri Feb 22, 2013 12:56 pm
by songbird331
I'm just now paying our church budgets for Dec 2012. I want to show those expenses paid in Dec 2012. Do I use 'posting Month and Year' Dec 2012 and 'posting date' 02/22/13? Or the opposite? I have a 'brain freeze' today. Thank you...
Re: Reporting Expense for last year
Posted: Fri Feb 22, 2013 2:08 pm
by JohnDMeyers
If Dec 2012 is still open, change the posting date to something in December and post in December.
Re: Reporting Expense for last year
Posted: Mon Feb 25, 2013 2:03 pm
by CMUMC001
If your church is a member of a district with district reports it should depend on how the district records your payments as to where you record the payments. We had a situation a couple of years ago where we paid apportionments late, in January, and the district recorded the receipts in the current year. We did not get credit in the previous year. They showed up in the current year as if we had paid ahead. As a result, our budget reports for that year had to reflect the payments in the current year.
It is not advisable to post anything in a month other than the month in which the check is issued. It is a royal headache to try to audit this situation.
In fact, PC V11.5 pops up a warning that you are about to post with conflicting dates.