Bank Accounts in PowerChurch

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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TBM
Posts: 30
Joined: Sat Dec 13, 2003 1:54 am
Location: Galbraith A M E Zion Church

Bank Accounts in PowerChurch

Post by TBM »

My church has 6 fund account and checkbook for each fund. I want to consolidate every thing to two funds and Checking accounts. The accounts ar cash flow, Renovation, Escrow, Minstry Kindness and Rental Property Account. My plan be have All Fund account/checking using sub account to keep track of the numerous activity and setting up expenses as needed.

All suggestion would be helpful and if some have a chart of accounts using sub account with their checking account and Reserves or Restricted funds.

I hope this not confusing. I what streaming the banking process.

tbm

Matt
Authorized Teaching Consultant
Authorized Teaching Consultant
Posts: 733
Joined: Fri Dec 05, 2003 4:04 pm
Location: Jacksonville, AL

Post by Matt »

I suggest that you keep your 6 existing funds and go ahead with your plan to reduce the number of checking accounts from 6 to 2. By keeping the 6 accounting funds this will allow you to keep the cash in your consolidated checking accounts segregated by fund.

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