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Pass-Thru Contributions and Contribution Fund #s

Posted: Mon Mar 14, 2011 7:54 pm
by machavez
I am seriously confused regarding our Pass-Thru Contributions and how to enter the transactions on the Contributions side, if that is even correct.

We "sponsor" 14 local missions - Hope Haven, Meals on Wheels, Habitat for Humanity, etc. I have set these up as liablility accounts.

With my limited accounting knowledge, I understand it is not considered income for the church. However, how do I record the contributions to the individual church members?

Would I set up Contribution Fund numbers for each pass-through account and have it debit checking and credit the respective liability account in the Maintain List of Contribution Funds?

Re: Pass-Thru Contributions and Contribution Fund #s

Posted: Mon Mar 14, 2011 11:22 pm
by NeilZ
kbwoods wrote:
Would I set up Contribution Fund numbers for each pass-through account and have it debit checking and credit the respective liability account in the Maintain List of Contribution Funds?
That's probably the easiest way to do it.