Re: Church Use of GNUCash

2017-12-27 Thread Mike or Penny Novack
On 12/22/2017 3:30 PM, Mike or Penny Novack wrote: On 12/22/2017 1:56 PM, Aaron Laws wrote: Excellent; thank you. One more question: Something which I forgot to ask: Does the organization have another bank account besides the checking account? If the organization has a savings account (for e

Re: Church Use of GNUCash

2017-12-22 Thread Mike or Penny Novack
On 12/22/2017 1:56 PM, Aaron Laws wrote: Excellent; thank you. One more question: Assets:Chequingx Liabilities:Organ Fundx Then some expense: Expense:Organ x Assets:Chequing x But then how is the encumbrance relieved? << an adjustment transaction is ma

Re: Church Use of GNUCash

2017-12-22 Thread Aaron Laws
Excellent; thank you. One more question: On Fri, Dec 22, 2017 at 12:31 PM, Mike or Penny Novack < stepbystepf...@dialup4less.com> wrote: > > The idea is that the money was received into the regular banks accounts > but sort of not there/available because a corresponding liability. If and > when m

Re: Church Use of GNUCash

2017-12-22 Thread Mike or Penny Novack
On 12/21/2017 4:03 PM, Aaron Laws wrote: On Thu, Dec 21, 2017 at 9:44 AM, Mike or Penny Novack > wrote: My question: can you say more about using a liability (rather than asset subaccounts) for restricted funds? Perhaps a link or two, or (ideally) a refe

Re: Church Use of GNUCash

2017-12-21 Thread Aaron Laws
On Thu, Dec 21, 2017 at 9:44 AM, Mike or Penny Novack < stepbystepf...@dialup4less.com> wrote: > > PS: The strictly proper method of having a liability "donor restricted > funds" can ALWAYS be used. I have restricted funds in my personal accounts, and I thought the "correct" way to deal with thi

Re: Church Use of GNUCash

2017-12-21 Thread Mike or Penny Novack
On 12/20/2017 2:40 PM, jcnw wrote: I am setting up our church books on GNUCash and wonder how to handle restricted funds. For example if a member makes a donation to The Organ Fund I do accounting for non-profits and so can help. There is more than one way to handle this, and factors which may

Re: Church Use of GNUCash

2017-12-20 Thread Adrien Monteleone
I recall some discussion of this very topic earlier this year. Check the list archives. Regards, Adrien > On Dec 20, 2017, at 1:40 PM, jcnw wrote: > > I am setting up our church books on GNUCash and wonder how to handle > restricted funds. > For example if a member makes a donation to The Orga

Re: Church Use of GNUCash

2017-12-20 Thread Dale Alspach
If you are in the US, I suggest treating temporarily restricted funds and permanently restricted funds differently. (I do not know much about church accounting but if you must report to the IRS as a non-profit, your account structure should make this reporting convenient.) If you have several of th

Re: Church Use of GNUCash

2017-12-20 Thread Matthew Pounsett
On 20 December 2017 at 14:40, jcnw wrote: > I am setting up our church books on GNUCash and wonder how to handle > restricted funds. > For example if a member makes a donation to The Organ Fund > > I'd suggest adding it to a subaccount of whatever actual account the funds are deposited to. e.g.

Church Use of GNUCash

2017-12-20 Thread jcnw
I am setting up our church books on GNUCash and wonder how to handle restricted funds. For example if a member makes a donation to The Organ Fund -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing lis