Account setup question - Mulitple funds or a single fund?

[dcmcminn]

Not sure if this has been addressed in early posts, I’m trying to determine the best way for the setup to be done on these transactions. We have a clearinghouse which is separate from our church that handles the funds for three missionaries sent out of our church. (In a sense we are the mission agency for these people) Each one requires reports sent to them on monthly bases which list each donation, donor and basically an Income & Expense Report for each one, tracking all transactions for each missionary separately.

My thinking is to keep the number of funds to a minimum however not sure of the flexibility of the reports in fund accounting to separate out certain activity without having to create custom reports. Any suggestions would be appreciated. For the long term didn't want the setup to be a problem if adding additional missionaries in the future. Also would these be better served being on a seperate copy of the program. During the change to PC+10 I've had them as seperate companies in Quicken?

[Matt]

Based on your description I think I would set up a separate accounting fund for each missionary. The main reason is that you state you need to be able to produce a separate Income and Expense Statement for each missionary. You can do all this on the same copy of the program.