Transfering Contributions Funds

Contributions, Faith Promises

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faithmc
Posts: 11
Joined: Wed Aug 31, 2011 9:45 am

Transfering Contributions Funds

Post by faithmc »

I realize this should be easy, but I'm just not seeing it...

I need to "transfer" $20 from a memorial fund (521) to our normal income fund (400). Both of these funds close to the same bank account, but how do I make this show up right in my Funds Report?

Thanks!

Zorak
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Re: Transfering Contributions Funds

Post by Zorak »

If this is related to a specific contribution that was entered to the wrong fund, then you would reverse the original entry (either by clicking the Reverse button on the View Posted Contributions screen or manually entering the contribution again as a negative amount with all other information matching the original) then entering it again to the correct fund.

If it is not something that needs to change on the Contributions side of the software, then you can enter an adjustment in Fund Accounting > Enter Transactions that debits the Memorial Fund income account for $20 and credits the other income account for $20.

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