Regularly recurring payments can be set up as a repeating item in the Accounts Payable module in PowerChurch Plus. In version 11, the payments can be made either weekly, monthly, bi-weekly, etc. instead of just on a monthly basis. Even if payment amounts change slightly from time-to-time, setting up the vendor and the default accounting [...]
A simple time-saving step when entering checks is to enter the default account information directly into the vendor record. In the vendor record, there is an “Account Information” tab. By entering the checking account and the usual expense account here, it will automatically appear when you select that vendor in Accounts Payable / Maintain Open [...]
In PowerChurch Plus version 11, when you are reconciling bank statements, there is a check box at the top of the second screen. It says, “only show items dated before statement date”. It is checked by default. If you absolutely cannot find an item that shows up on your bank statement (especially correction entries), try [...]
The rule of thumb I have used to determine whether or not an activity needs its own fund is this: Are there (many) more than income account associated with this activity, and are there (many) more than one expense account associated with this activity. Obvious candidates for having their own accounting funds are things like [...]
I learned something new from the PowerChurch Plus forum the other day. The actual change in accounting law that requires non-profits to report their financial positions with respect to a “change in assets” rather than having a “fund balance” actually has a name – FASB 117. Here is a summary of what the statue requires: [...]
We use PowerChurch for our multi-site church. We have one leadership team and three church sites. Using PowerChurch Plus new grouping in payroll, we are able to assign percentages of each pastor’s time to each of the three sites. Each site has its own fund and its own budget. By dividing up the pastor’s payroll [...]
