Transferring funds from 'Other' to Ward mission funds
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Transferring funds from 'Other' to Ward mission funds
Is it possible to transfer funds from the 'other' account into the ward mission fund?
- aebrown
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Re: Transferring funds from 'Other' to Ward mission funds
Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- if the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?
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Re: Transferring funds from 'Other' to Ward mission funds
If there was a donation that was incorrectly entered it would be appropriate to edit the donation and correct the classification. That will in effect create a transfer. But that correction should always be made by editing the donation, not by making an explicit transfer. Otherwise the donor won't get appropriate credit for a tax-deductible donation.aebrown wrote:Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?
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Re: Transferring funds from 'Other' to Ward mission funds
The question is "why". If the donation was credited to the wrong place, then it would be far better to re-categorize the donation. Not only does it make the records cleaner, but it gives the donor a tax credit.
If the problem is that you have an excess in "other", and refunding or finding an acceptable expense isn't an option, you need to send the surplus to CHQ. See the comments in The “Other” Category. The ward is not permitted to use "other" surplus for budget or ward missions.
If the problem is that you have an excess in "other", and refunding or finding an acceptable expense isn't an option, you need to send the surplus to CHQ. See the comments in The “Other” Category. The ward is not permitted to use "other" surplus for budget or ward missions.
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