User Support Forum

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!

It's seems that a multistep process has taken place and you have left out some steps in your description of the situation.

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"a one time event to which our congregation contributed"

When they contributed did you credit an income account or the liability account?

DB 01-1110-000 checking
CR 01-4150-000 income
-or-
DB 01-1110-000 checking
CR 01-2150-000 liability
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"and we paid expenses for the event from this account"

I understand this to be paying from the liability account like this:

CR 01-1110-000 checking
DB 01-2150-000 liability

Correct?
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"we now have excess funds"

Did you record these in an income account like this?

DB 01-1110-000 checking
CR 01-4150-000 income
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"to move those funds into our general fund"

This one I don't understand. What you consider to be your "general fund"? An account?

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If you could be more specific, someone here can probably help out.