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Reconcile "Other" Account
Posted: Sun May 17, 2009 11:43 am
by eallred-p40
We are receiving checks from individuals for Girls' Camp. They are posting to "Other". How can we see the balance for this account?
Posted: Sun May 17, 2009 1:08 pm
by Mikerowaved
Welcome to the forum! Hopefully the funds gathered were placed in a sub-category created for that specific purpose in Other. The Other category can be viewed in MLS by selecting
Finance -->
Finance Reports -->
Income and Expense Report. The sub-categories can be seen by selecting "
Summary by Sub-Category" in the "
Report" pull-down.
I found the
Record-Keeping and Auditing Training lessons to be invaluable in my clerk calling. Under "Keeping Financial Records", they have a great one called "Understanding and Using the 'Other' Category". I highly recommend going through it.
Posted: Sun May 17, 2009 2:56 pm
by aebrown
eallred wrote:We are receiving checks from individuals for Girls' Camp. They are posting to "Other". How can we see the balance for this account?
Hopefully you have created a sub-category of Other such as "Other:Girls Camp" that you deposit all these checks into (and from which you will write checks for related expenses). That is the key to tracking pass-through accounts such as this.
And I would certainly second Mikerowaved's suggestion to review the training on this topic. The training will cover the topic of sub-categories.
Posted: Tue May 19, 2009 10:57 am
by calebpusey
You might also want to check out this page:
https://tech.lds.org/wiki/index.php/Reconciliation
Welcome!