moving money within asset accounts
Moderators: Moderators, Tech Support
-
NHTreasurer
- Posts: 2
- Joined: Thu Nov 19, 2015 12:47 am
moving money within asset accounts
How do I move money from our general account into a savings account. I already have an asset account set up for savings
-
Zorak
- Tech Support

- Posts: 3159
- Joined: Thu May 13, 2004 9:59 am
- Location: PowerChurch Software
- Contact:
Re: moving money within asset accounts
If the accounts are both in the same fund, meaning the account numbers both start with 01- or the same two digits, then you can enter a transaction in Fund Accounting that credits the account the money is moving from and debit the account the money is moving to. For example:
01-1110-000 Checking (credit) $100.00
01-1210-000 Savings (debit) $100.00
If the accounts are in two different accounting funds, you would need to set up and use transfer accounts as detailed in the article linked below.
https://www.powerchurch.com/support/57/ ... and-higher
01-1110-000 Checking (credit) $100.00
01-1210-000 Savings (debit) $100.00
If the accounts are in two different accounting funds, you would need to set up and use transfer accounts as detailed in the article linked below.
https://www.powerchurch.com/support/57/ ... and-higher
-
NHTreasurer
- Posts: 2
- Joined: Thu Nov 19, 2015 12:47 am
Re: moving money within asset accounts
Thank you. Happy New Year!NHTreasurer wrote:How do I move money from our general account into a savings account. I already have an asset account set up for savings