Transfers between funds

[JohnDMeyers]

The debit and credit in one transaction have to be to the same Accounting Fund.

If you ever do post one transaction to two accounts (you will get a warning, by the way), your Balance Sheet top will not equal your Balance Sheet bottom.

In other words, Assets will not equal Liabilities plus Equities.

[NeilZ]

It's coming into the GF (1 checking account) and getting moved to a separate checking account (which is where the MF is).

Can you set up a debit and credit to different funds in the contribution module or do the funds needs to match?

You probably can, but then I suspect it will cause a lot of other issues when reports are run.

[Jeff]

Don't get hung up this is the GF checking account and can only be used in the General Fund. It is your main checking account that all funds can access. This is really the same as the first post, but using liabilities rather than income accounts.

If the amount belongs to the missions fund, show the transaction in the missions fund with it being deposited in the missions portion of your main bank account. After depositing it you can then move it to your missions specific checking account. This is what is happening in the real world and you accounting transactions will be easier to understand when the reflect the actual movement of money.