setting up fund accounts

[dbodey]

Lets say I set up 3 fund accounts, general, fund 1, and fund 2, with the appropriate fund account numbers and type them as "income" funds. I enter the contributions for that Sunday, and verify that the amounts in each fund are correct. I then post the amounts to the fund accounts. Will the amounts transferred correspond one to one, i.e., if general, fund 1, and fund 2 each had $100 in the contribution fund, will I see $100 in each of the three fund accounts? Do I have to post each account individually, or when I post will all three accounts be
updated? When I write a check from general funds, will PowerChurch automatically deduct the check amount from the general income account?

[NeilZ]

Lets say I set up 3 fund accounts, general, fund 1, and fund 2, with the appropriate fund account numbers and type them as "income" funds. I enter the contributions for that Sunday, and verify that the amounts in each fund are correct. I then post the amounts to the fund accounts. Will the amounts transferred correspond one to one, i.e., if general, fund 1, and fund 2 each had $100 in the contribution fund, will I see $100 in each of the three fund accounts? Do I have to post each account individually, or when I post will all three accounts be
updated? When I write a check from general funds, will PowerChurch automatically deduct the check amount from the general income account?

Ok .. you have three separate accounting funds, with three separate asset (checking/savings) accounts (or even the same checking account).

Income accounts of 01-4100, 02-4100 and 03-4100.

If you setup the Contribution Funds, with the correct accounting fund income and checking account numbers, when you post contributions to funds accounting, the system will create the proper funds accounting transaction and put it in the Funds Accounting Unposted Transaction queue.

You can then check it and verify that it is all correct, then post transactions in Funds Accounting.

When you write a check in Accounts Payable, and you use the proper checking account for the general fund, as well as the correct expense account in fund 01 (for example: 01-1110 & 01-5100) the system will then post the proper transactions to the FA unposted transaction queue when you mark the post to paid items in Accounts Payable.