Hello. What is your recommendation on how to best use PC+v12 to track monies that have been budgeted for, but will no longer be used under the same account (Pastor Salary).
We recently had a pastor take a new job. I've been asked to set aside/move the remaining budgeted salary each month into a separate account/fund. This money will be used to both pay guest pastors during the vacancy, and saved for our future pastor's expenses.
How do you suggest we best keep track of this in PowerChurch? Transfer the budgeted amount monthly into a new account, but within the same fund? Create a separate fund? Transfer monthly into a restricted account, and release from restriction when we pay a guest pastor?
Your thoughts are appreciated. Thanks.
Tracking budgeted pastor's salary after departure
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oursaviors2017
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Re: Tracking budgeted pastor's salary after departure
I would not alter the budgeted amount for the pastor salary. Instead, I would create a new expense account, specifically for guest speakers during the vacancy. This allows better understanding of what expenses are due to what during the year.
Yes, a little arithmetic to compare the combined amount of pastor salary already spent plus the guest speakers versus the total amount budgeted, but that is a better solution than doing a mid-year adjustment.
You could use sub-accounts, if desired, to link the pastor salary / guest pastor salary, in order to see the total amount spent. I would not, but it is possible.
Yes, a little arithmetic to compare the combined amount of pastor salary already spent plus the guest speakers versus the total amount budgeted, but that is a better solution than doing a mid-year adjustment.
You could use sub-accounts, if desired, to link the pastor salary / guest pastor salary, in order to see the total amount spent. I would not, but it is possible.