Policies on Moving Funds Between Two Major Cateogories

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
jdlessley
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Postby jdlessley » Sun Sep 23, 2012 8:53 pm

waynecooke wrote:I want to transfer funds from a budget account to an Authorized...etc. account.
To move funds from a budget category to an Other:AMFA category requires a check to be written from the budget category and then deposited into the Other:AMFA category. See the How to deal with deficits section of the wiki article Other category.
JD Lessley
Have you tried finding your answer on the LDS.org Help Center page or the LDSTech wiki?

waynecooke
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Postby waynecooke » Mon Sep 24, 2012 9:46 am

Thank you both for your responses. Yes, Transfers is correct. I was afraid that the "check" method was the way to do it, but I was hoping there was an easier way. Thanks again.

Gary_Miller
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Postby Gary_Miller » Mon Sep 24, 2012 11:15 am

waynecooke wrote:Thank you both for your responses. Yes, Transfers is correct. I was afraid that the "check" method was the way to do it, but I was hoping there was an easier way. Thanks again.

The is another way in which I feel is better than writing a check and depositing it into the other to cover a negative balance. Just make a category correction on the check that was written that caused the negative balance.

charlesbruderer
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby charlesbruderer » Mon Feb 03, 2014 8:55 am

I am EXTREMELY disappointed that much of the financial training has been removed and not updated, indeed much that remains has been diluted. Managing the "Other or Authorized Member Financed Activities" accounts is one specific example. I am a Stake Auditor and have to explain policy to new ward finance clerks. I used to be able to direct them to the training. I have one who is asking for the 'source' of my recommendations concerning the "Authorized Member Financed Activity" sub-categories. When is the Church going to update the training?

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aebrown
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby aebrown » Mon Feb 03, 2014 9:20 am

charlesbruderer wrote:I am EXTREMELY disappointed that much of the financial training has been removed and not updated, indeed much that remains has been diluted. Managing the "Other or Authorized Member Financed Activities" accounts is one specific example. I am a Stake Auditor and have to explain policy to new ward finance clerks. I used to be able to direct them to the training. I have one who is asking for the 'source' of my recommendations concerning the "Authorized Member Financed Activity" sub-categories. When is the Church going to update the training?

Which important points about AMFA do you think are missing in the RKATS article The "Other" Category?

charlesbruderer
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby charlesbruderer » Tue Feb 04, 2014 9:14 am

I apologize, I used to get more on the "Other" accounts from the Auditor Training. I had looked in the section on processing expenses and did not look in the "Donations" section of the discussion. You appeared to have covered the information for the most part. I should "Fall on my Sword now." Thanks again for your support

lajackson
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby lajackson » Tue Feb 04, 2014 11:31 am

charlesbruderer wrote:I should "Fall on my Sword now." Thanks again for your support

No sword required. Consider yourself blessed for having helped others with a reminder of where the information may be found.

And every now and then something is missing or needs clarifying.

seanmthompson
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby seanmthompson » Sun Aug 21, 2016 2:34 pm

I have an Other category for Missionary iPads with a balance, and we have the official Missionary Mobile Device category. How can I move the balance from the informal iPad category to the correct one? Should I write a check to it? If so, do I enter "Other: Missionary Mobile Device" as the payee?

russellhltn
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Re: Policies on Moving Funds Between Two Major Cateogories

Postby russellhltn » Sun Aug 21, 2016 3:05 pm

It would probably be best to re-categorize the original donations.
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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