two checking account

[jurnie05@11]

Hello, I'm trying to find the correct way to process the deposits. Okay here is the situation I have where we have a checking account at two different banks. We use one bank for mortgage payments only and the other bank is the main account where all other expenses are deducted from. The contribution is set up to go to the main bank and I write a check to deposit into the second bank for the mortgage payment. But sometimes I may deposit the Sunday tithes/offering into the second bank but when I record contribution its recorded into the main bank. So would it be correct when I post contribution to Fund Accounting before I post in Fund Accounting to add two lines where DB second account and CR main bank.
Tonja

[NeilZ]

Hello, I'm trying to find the correct way to process the deposits. Okay here is the situation I have where we have a checking account at two different banks. We use one bank for mortgage payments only and the other bank is the main account where all other expenses are deducted from. The contribution is set up to go to the main bank and I write a check to deposit into the second bank for the mortgage payment. But sometimes I may deposit the Sunday tithes/offering into the second bank but when I record contribution its recorded into the main bank. So would it be correct when I post contribution to Fund Accounting before I post in Fund Accounting to add two lines where DB second account and CR main bank.
Tonja

Frankly, I can't understand the second checking account since all you're doing is moving funds from (I'm assuming) Operations to put into this second checking account from which you write one check!!

If you're trying to keep the funds 'sequestered' from the operations account you can do that using one checking account, and adding an Accounting Fund. Then you just have to "transfer" funds within Powerchurch, and you avoid having to write a check to deposit into an account from which you're going to write a check.

[jurnie05@11]

Well the second checking account is at the first bank the church used when the Pastor and First Lady started the church. I guess the thought was to have good relations with two different banks in case the need arise for a loan one day. Pertaining to the last two sentences in the original post, is the debit and credit transactions correct?

[NeilZ]

Well the second checking account is at the first bank the church used when the Pastor and First Lady started the church. I guess the thought was to have good relations with two different banks in case the need arise for a loan one day. Pertaining to the last two sentences in the original post, is the debit and credit transactions correct?

Well, as long as the second account is not costing the congregation anything, but if you're paying a monthly fee, its not worth it

As far as the transaction is concerned that may be the only thing needed When you write the check to move the funds to the second bank, I'm assuming that the DEBIT account used there is the account for the secondary checking, right?

If that's the case, when you do a deposit of contributions to secondary checking, you would use the same accounts (CR - primary, DB - secondary) to cover that in the system.

Again, I'm assuming these are both in the same Accounting Fund. Afterthought, f you're writing the check to the secondary checking from AP (and I'm not sure based on your original post), I'd use a Manual Check in AP to account for this direct deposit, again using the same debit and credit accounts, but with the term (transfer) as the 'check number' on the manual check. This way there is a full audit trail showing a monthly transfer in AP.

[jurnie05@11]

You are correct that the secondary account isn't costing the church anything and both the primary and secondary accounts are to the same Accounting Fund. Yes, I use Manual Checks in AP for all our transactions.

Thanks