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Deposits Less Cash On Hand
Posted: Sun Mar 12, 2006 5:48 pm
by kbking
I'd like to understand how you all account for cash on hand dollars resulting from loose denominations from your weekly deposit. Once you have processed all contributions, the system will post your bank deposit consistent with the contributions, however, when loose denominations exist we don't actually deposit the equivalent of the weekly contributions.
Re: Deposits Less Cash On Hand
Posted: Sun Mar 12, 2006 10:54 pm
by NeilZ
kbking wrote:I'd like to understand how you all account for cash on hand dollars resulting from loose denominations from your weekly deposit. Once you have processed all contributions, the system will post your bank deposit consistent with the contributions, however, when loose denominations exist we don't actually deposit the equivalent of the weekly contributions.
We have assigned an envelope number outside our normal series, for such offering plate cash. The cash is counted, and is entered in the system against this envelope.
This is covered more fully under a topic in the Contributions forum:
http://www.powerchurch.com/forum/viewtopic.php?t=1569