moving advances back to budget category

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
tommaherboe
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Joined: Fri Mar 02, 2012 8:20 pm

moving advances back to budget category

Postby tommaherboe » Mon Nov 19, 2012 11:33 am

Good Afternoon,
We made an advance for an activity. I have read that extra funds need to be redeposited back to the "other" category as budget returns. Where do I go from there? How do I properly get that money back into the correct budget category?

Thanks

Tom Maher

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aebrown
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Joined: Tue Nov 27, 2007 8:48 pm
Location: Sandy, Utah

Postby aebrown » Mon Nov 19, 2012 11:48 am

tommaherboe wrote:We made an advance for an activity. I have read that extra funds need to be redeposited back to the "other" category as budget returns. Where do I go from there? How do I properly get that money back into the correct budget category?


You simply deposit the returned funds directly into the correct subcategory of Budget. There's no need to use Other as an intermediate step.

I'm guessing that you were reading about how to fill out the donation slip; there is no line item for Budget, so the person returning the funds has to use the Other line to record the Budget return. But you can deposit those funds directly into Budget.
Questions that can benefit the larger community should be asked in a public forum, not a private message.

Gary_Miller
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Joined: Thu Dec 08, 2011 10:42 am
Location: Emmett, Idaho

Postby Gary_Miller » Mon Nov 19, 2012 11:51 am

Fill out a donation slip under other category but budget. When you process the donation slip process it just like any other donation, placing the funds into the proper budget sub-category, the one you wrote the advance form.


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