Accounting

[MtzionC]

I am working with v9 of power church. My balance is incorrect. The balance sheet is higher than checking account. How can I fix the balance sheet.

[NeilZ]

I am working with v9 of power church. My balance is incorrect. The balance sheet is higher than checking account. How can I fix the balance sheet.

You may want to look at this thread:
http://www.powerchurch.com/forum/viewtopic.php?t=3348

While it does not directly pertain to your issue, in a reply it is mentioned that the balance sheet and the checking account may never be the same due to transactions that may or may not have been added or posted.

[MtzionC]

I started PC in 2005 but never reconciling all the checks. I started to reconcile all checks in 2007. But I know that 2005 and 2006 checks are missing. Before I start to input 2008 i know I have to make some kind of adjustment. How and where do I do that? In the account balance the ending balance is 104000.50 and the checking account only has 35000.00 in it. How do I fix this problem?

[Matt]

You will need to input an entry in Fund Accounting that credits your checking account and debits the Fund Balance account. To determine the amount of the entry though you need to first reconcile your most recent bank statement and identify all checks and deposits that are truly outstanding. Once this is done you can back into the amount that should be recorded in the checking account in PowerChurch. Compare this amount to the amount that's actually there and input an entry for the difference. You will know if you did it right because the bank reconciliation in PowerChurch will balance to the ending bank statement balance if the correct adjustment amount was entered. Note that you will need to "reconcile" the adjustment on the bank reconciliation first in order to bring the two into balance.