Search found 2 matches
- Tue Mar 08, 2016 9:41 pm
- Forum: Accounting
- Topic: Transfer tithes income $ to restricted equity accts
- Replies: 1
- Views: 642
Transfer tithes income $ to restricted equity accts
Hi. We want to start taking a percentage of our unrestricted "tithes and offerings" income each week and put it into temporarily restricted accounts like Youth, Sunday School, Outreach etc... If I transfer out of the income account to the restricted equity accounts, it correctly accounts for the fun...
- Tue May 19, 2015 4:49 pm
- Forum: General Questions and Discussion
- Topic: Buying a new church building with saved funds and a loan
- Replies: 0
- Views: 4910
Buying a new church building with saved funds and a loan
Hi. Our church just purchased a new building. We were able to pay $80,000 to the previous owner with the understanding that we will take out a loan for the remaining amount of $55,000. Can someone walk me through setting up this new asset correctly so it reflects the whole value, not just the $80,00...