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Maintain List of Contribution Funds
Posted: Fri Jun 24, 2011 8:46 pm
by davisdi
In the section (Powerchurch Plus v11) Maintain List of Contribution Funds. I am having problems setting up the area Automatic Transfers at posting time. It states the above fund is to receive whatever percentage that I place in that area. Then it states that of contribution fund donations. This is very confusing Need help
Re: Maintain List of Contribution Funds
Posted: Fri Jun 24, 2011 10:16 pm
by JohnDMeyers
I will start at the beginning, because I am not sure where the confusion is coming in.
You need two funds.
Let's say that you want your General Tithes to go into fund 100, and you want 10% of that amount to go to missions. You need to set up a second fund for missions, like 201.
Fund 201 - missions tithe
(at the bottom)
The above fund is to receive 10%
of contribution fund 100 's donations.
When you post in Contributions and transfer to Fund Accounting, the Contributions reports will show 100% of the money going into Fund 100. The Automatic transfer is for Fund Accounting only. (The donor's gave a General Tithe, and you want that to show up that way on their contribution statement. The church decided to put 10% towards missions, not necessarily the donor).
After you post in Contributions, look in Fund Accounting / Modify Unposted Transactions. You will see 90% of the money going to General Tithes, and 10% of the money going to missions. When you post in Fund Accounting, these transactions will be available on Fund Accounting Statements.
Does that answer it?