User Support Forum

I set up a new contribution fund and posted contributions. They show every place except in the bank reconciliation and the accounting reports like the income and expense account. Help? Thanks.

Barbara.Schulz wrote:I set up a new contribution fund and posted contributions. They show every place except in the bank reconciliation and the accounting reports like the income and expense account. Help? Thanks.

Usually this means that no one posted the transactions in Funds Accounting. Remember, there is no direct connection between the Contributions Module, and the Funds Accounting module.

If you setup the Contribution Fund properly, you should list a Debit account (usually checking or savings) from the Fund Accounting Chart of Accounts (COA), and an Credit account (income) from the COA.

If you posted and selected the Update Fund Accounting function, all that does is create the Debit & Credit transactions for Fund Accounting, and puts it in the Unposted Transactions list there.

If you did not select this, then there's a different issue. You may have to find the file that was created if you selected Update Fund Accounting via File, or if you selected Print an Accounting Report or Only Update the Contributions Module you'll have to create the debit and credit transactions in Fund Accounting manually.