What to do with interest?

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bedone
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What to do with interest?

Postby bedone » Sun Feb 20, 2011 4:48 pm

Before CUBS, interest accrued was credited to the Ward Missionary account each month as part of the reconciliation process. I've noticed that post-CUBS, interest is being credited to the "Other" account.

Is there a process in place to do something with interest? It's only a few cents each month so it seems like a waste of time to write a check and deposit it into another account. On the other hand, funds in the "Other" account are supposed to be earmarked for a specific purpose, and this isn't.

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aebrown
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Postby aebrown » Sun Feb 20, 2011 5:22 pm

bedone wrote:Before CUBS, interest accrued was credited to the Ward Missionary account each month as part of the reconciliation process. I've noticed that post-CUBS, interest is being credited to the "Other" account.

Is there a process in place to do something with interest? It's only a few cents each month so it seems like a waste of time to write a check and deposit it into another account. On the other hand, funds in the "Other" account are supposed to be earmarked for a specific purpose, and this isn't.


This has been addressed in the thread Interest Transferred to other Account.
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