Missions Contribution Funds & 2 Accounting Funds

[karen.cccw]

I'm a new Powerchurch user and just want to confirm I am not misunderstanding.

We only need 4 contribution funds / designations -
100 Tithe
200 Missions
300 Building
400 Special/Pass-thru

I understand each of the above gets tied to ONE account, on the Accounting tab in the Contribution Fund itself. This allows for the income to get posted in Fund Accounting when you post the contribution transactions.

So, for example, the Contribution Building Fund 300 above would be tied to the General Fund checking account, for the times deposits go into the General Fund. My questions is - how do we handle Building Fund contributions when they are other times deposited directly into the Building Fund bank account?

Do I just add a 2nd Contribution Fund for Building direct deposits (maybe contribution fund 301), and tie it to that separate bank account? Since Contribution Funds can only be tied to one account in Fund Accounting, I'm guessing that's the only option. Can someone please confirm, or tell me what I'm missing?

Thanks in advance!

Karen

[NeilZ]

I'm a new Powerchurch user and just want to confirm I am not misunderstanding.

We only need 4 contribution funds / designations -
100 Tithe
200 Missions
300 Building
400 Special/Pass-thru

I understand each of the above gets tied to ONE account, on the Accounting tab in the Contribution Fund itself. This allows for the income to get posted in Fund Accounting when you post the contribution transactions.

So, for example, the Contribution Building Fund 300 above would be tied to the General Fund checking account, for the times deposits go into the General Fund. My questions is - how do we handle Building Fund contributions when they are other times deposited directly into the Building Fund bank account?

Do I just add a 2nd Contribution Fund for Building direct deposits (maybe contribution fund 301), and tie it to that separate bank account? Since Contribution Funds can only be tied to one account in Fund Accounting, I'm guessing that's the only option. Can someone please confirm, or tell me what I'm missing?

Thanks in advance!

Karen

Karen ... based on what you've posted in the accounting category, you're looking at consolidating all the checking accounts, into one account. Is that correct? If so, I would just let all the building funds into the General Fund for now, and keep track of how much is going there. Then when you do consolidate into one checking account, just transfer that amount from the 01-1110-000 General Checking to the 03-1110-000 checking (assuming that 03 would be the building accounting fund).

I am assuming that all building funds will go into that separate accounting fund.

Does this help?