I set up a liability account for a one time event to which our congregation contributed and we paid expenses for the event from this account...we now have excess funds and I want to move those funds into our general fund. Is it correct to do it in this manner:
DB 01-xxxx-000 (current fund)
CR 01-4030-000 (our offering income designation)
Or do I have to set up an income fund to reference only the current liability fund instead of offering?
Thanks for any help!