I am not sure if this should go under Fund Accounting, or here.
Sometimes it happens that when we receive a Contribution (Tithes or Offering) check, and the bank returns it to us because of insufficient funds in the Givers Checking Account.
How should I enter them, or reverse entries?
THe credit in the contribution module should be reversed, and then also an entry should be done under Accounting.
How is this done?
Thank you
Werner Morgenstern
Returned (NSF) (Insufficient Funds) Contribution Checks
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wmorgenstern
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- Location: Harvest Ministries Church of God
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Returned (NSF) (Insufficient Funds) Contribution Checks
Werner Morgenstern
Harvest Ministries Church of God
(Farmington Hills, Michigan)
Harvest Ministries Church of God
(Farmington Hills, Michigan)
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jeffkoke
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- Location: Great Bridge Church of God, Chesapeake VA
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Usually, we attempt to run the check the next week.
Failing that, we do a negative contribution entry. This backs the dollar amount(s) out of the fund(s) that were originally posted to and shows as a negative entry on the contributor's statement.
Make sense?
Jeff
Failing that, we do a negative contribution entry. This backs the dollar amount(s) out of the fund(s) that were originally posted to and shows as a negative entry on the contributor's statement.
Make sense?
Jeff
Jeff
--
Jeff Koke, KK4SN
Great Bridge Church of God
Chesapeake VA
"Every Father should remember that one day his
children will follow his example instead of his advice."
--
Jeff Koke, KK4SN
Great Bridge Church of God
Chesapeake VA
"Every Father should remember that one day his
children will follow his example instead of his advice."
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Zeb
- Tech Support
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- Location: PowerChurch Software
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If you void a contribution through the method described above it will take care of the contributions side as well as fund accounting if you post it in the same way.
if the negative contribution matches a positive one (same date, same fund, same env#, same check # if applicable) then it will not show on the contributors statement. that is generally what people want anyway.
if the negative contribution matches a positive one (same date, same fund, same env#, same check # if applicable) then it will not show on the contributors statement. that is generally what people want anyway.
