New Bank Account - Money Market

[Dbharkey]

We have opened a new Money Market Bank Account. A couple of questions 1) How do I add the new Bank Account into PowerChurch? 2) How do I show the transfer of funds from the checking account to the Money Account and vice versa?

[Matt]

Go into Accounting, Fund Accounting, Setup, and then Maintain Chart of Accounts to add the new Money Market Bank Account.

To transfer funds from the checking account to the money market account--input an entry in Fund Accounting that debits the money market account and credits the checking account. Do the reverse if transferring funds from the money market account to the checking account.