Interest to Other Accounts

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
klkamper
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Joined: Mon Sep 14, 2009 12:21 pm
Location: McMinnville, OR, US

Interest to Other Accounts

Postby klkamper » Mon Sep 26, 2011 9:11 pm

In our recent financial audit, we were surprised by unassigned funds in the "Other" account. Upon further investigation we found that since our transition to CUBS we are now getting back the interest on those accounts, and it is recorded in our non-categorized "Other" account. It's usually less than $1.00/month.

How should this interest money be accounted for so that we remain compliant with the direction to have no unassigned funds in the Other account?

russellhltn
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Location: U.S.

Postby russellhltn » Mon Sep 26, 2011 9:22 pm

You can read the discussion on that here, here and here.
Have you searched the Wiki?
Try using a Google search by adding "site:tech.lds.org/wiki" to the search criteria.


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