User Support Forum

Question: How to handle different contribution types associate with a single contribution fund: e.g. I receive stock , which is then recognized at value when received, before being sold. This is placed in to a stock asset then moved to a cash asset (Checking / savings, etc.) after being sold. I also...

HI, We have a situation where an individual pre-paid their pledge for next FY. Generally pledges (current year and pre-paid) are posted in a pledge contribution fund that is marked as reportable on their annual statement used for tax purposes. In this case, however, the individual had made the payme...

Thanks - wasn't sure if there might be a simpler way to do this.

WE have been running a declining deficit for several years. To offset this deficit we have been drawing from our reserves. The reserves are listed as an asset in a separate Accounting Fund (investments), and then the monies are transferred from that Accounting Fund to the General Fund. This current ...

Neil, Thanks. I had seen it reported as income by several accounting sources when I researched it on the internet and only a one showed it as an equity income account. I too was having a problem with it showing up on the Income-Expense account and adversely affecting the results. Reporting as part o...

this is a reply / question to neil on the original post: Re: Investment Distribution Postby NeilZ » Thu Apr 14, 2016 11:23 am I've been reading through the posts on unrealized gain loss to better understand how to report this so that the asset value stays current with the latest reports. I came acro...

I've looked through the forum and haven't found exactly what i'm looking for. A collegue and I are having a discussion about the effect of restricted fund expenditures on the income-expense report. From what we can see, they have a negative (expense side) impact on the final NET. For example: Assumi...

Thank you for the responses. some follow-up questions / comments. 1) is the Credit Card liability account an actual liability account? My question then is that, if I debit a liability in 2018 doesn't that carry on for the year and affect the usual(payroll deductions etc.) liabilities total? or do li...

I have an issue where I need to back date a transaction. ISSUE: We've set up the use of credit cards for our professional staff, primarily to allow them to procure professional expense items using the card rather than having them use their own cash/card and then reimburse them. This works well for m...

We've been using Vanco and importing contributions for close to a year now. It's worked great and love the connection. However, I have a situation when during an import a link between the Vanco member ID and a contributor's envelope ID was incorrect - i.e. inked to wrong envelope ID. How do I change...

Neil,
Thanks .It does help. We're in the process of re-organizing our COA and I saw this under miscellaneous income and hence the question / request for recommendation.

Thanks
Doug

I tried to search for this but nothing came up. What I have is a situation where we obtain a deposit for keys from board and committee members. We also receive a deposit from those who are renting the building for a day or less. When the keys are returned, or when the building rental is completed an...

Neil, Yes, the value of the trust will decrease by the amount distributed. Generally, this would be simply a transfer of Assets from the trust to our checking account, since the trust is on our books for the full value. I was told that such distributions should be treated similarly to transferring m...

Neil, Thank you for your reply, and I appreciate the search recommendation. So, Having read that several times and did some excel spreadsheets simulations, I think I understand what you are doing - makes sense. I also did a search for tracking investment distributions / investment sales and didn't s...

WE have a trust that is manged by a third party. We receive monthly reports, we also receive quarterly distributions and we are allowed to draw down principal from the trust with some restriction (max amount / year). We have a general operation fund-01, and we had set up a trust / investment fund -0...