Online Giving

Contributions, Faith Promises

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angel1
Posts: 95
Joined: Wed Sep 05, 2012 8:12 am

Online Giving

Post by angel1 »

Good afternoon Neil,

First thank you again for walking me through the entry process of contributions on line. It worked great from the reporting to the entry.

We are currently using Powerchurch 12. Due to the current climate (COVID-19), we are using Tithe.ly for our online giving. In that this process was new, we decided to do the following:
1. Have the funds deposited into our money market account (which is at another bank),
2. Request a check once the funds have cleared.
3. The check is mailed to us
My question is once the check is received, and I deposit into our operating account (at the other bank), do I just deposit and show no record in contributions (I have already entered the contributions based on the report sent to me by tithe.ly). I just did not want to do any double entry.

Thanks,

angel

NeilZ
Posts: 9450
Joined: Wed Oct 08, 2003 12:20 am
Location: Connellsville, PA
Contact:

Re: Online Giving

Post by NeilZ »

angel1 wrote:Good afternoon Neil,

First thank you again for walking me through the entry process of contributions on line. It worked great from the reporting to the entry.

We are currently using Powerchurch 12. Due to the current climate (COVID-19), we are using Tithe.ly for our online giving. In that this process was new, we decided to do the following:
1. Have the funds deposited into our money market account (which is at another bank),
2. Request a check once the funds have cleared.
3. The check is mailed to us
My question is once the check is received, and I deposit into our operating account (at the other bank), do I just deposit and show no record in contributions (I have already entered the contributions based on the report sent to me by tithe.ly). I just did not want to do any double entry.

Thanks,

angel
Actually, you should be tracking the money market account in Powerchurch also. In which case I would adjust the Contribution Funds to deposit to the Money Market for now, then when you enter the Contributions just post to Funds Accounting as normal. The system will update the Money Market account, as well as the proper INCOME accounts in Funds Accounting.

Then, again assuming that the money market is also listed as an asset account under Operating, you just do a simple Debit/Credit transaction in Funds Accounting to transfer the funds when the MM check is deposited in checking.

That said, you may not have to wait for a check, as many banks will transfer funds from one back to another at little to no cost.
Neil Zampella

Using PC+ since 1999.

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