Fund balance correction

[astrunk1]

New treasurer this year, new Powerchurch user. Our church is rennovating an old building to be used as our new church. I set up an expense account "new building rennovation" to keep track of these rennovation costs. However, until this month, I was just paying the expenses out of our general fund rather than the building fund. What would be the best way to correct this?

[JohnDMeyers]

You have a couple of options.

If most of the expenses were building improvements that will eventually show up as an increase in the building asset, you could make one entry into your General Fund building asset to cover all the appropriate expenses to date, and make any future expenses part of the building fund. You may end up rolling all of your building fund expenses into the General Fund building asset, anyway.

That would like this:
DB building asset $20,000
CR expense account #1 14,700
CR expense account #2 5,000
CR expense account #3 300
etc.

Or you could reverse all your expenses to date by going to Fund Accounting/View Posted Transactions, and locate each of your expenses that you want to go into the Building Fund, reverse them, and make them again in the Building Fund. Depending on how many transactions you have made already, you may or may not want to do this.

[astrunk1]

Ok. Thanks for your help.