Funds back into Ward Missionary

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luvmy8dz-p40
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Funds back into Ward Missionary

#1

Post by luvmy8dz-p40 »

We had a missionary's family move from our ward and we have completed all the arrangements for his funds to be taken from the new ward. But the funds that were taken from our ward during the interim have now been deposited back into our ward funds as shown on our monthly statement. How do I record the deposit of these funds back into our Ward Missionary category in order to get the statement to reconcile?
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aebrown
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#2

Post by aebrown »

luvmy8dz wrote:We had a missionary's family move from our ward and we have completed all the arrangements for his funds to be taken from the new ward. But the funds that were taken from our ward during the interim have now been deposited back into our ward funds as shown on our monthly statement. How do I record the deposit of these funds back into our Ward Missionary category in order to get the statement to reconcile?

The most straightforward way is to use the Reconciliation process. On the Other Items step, create one or more positive transactions for the Ward Missionary account. Use the date and reference number from your Church Unit Financial Statement for each of the transactions.
luvmy8dz-p40
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#3

Post by luvmy8dz-p40 »

Alan_Brown wrote:The most straightforward way is to use the Reconciliation process. On the Other Items step, create one or more positive transactions for the Ward Missionary account. Use the date and reference number from your Church Unit Financial Statement for each of the transactions.

I guess that's my question--how do I create the positive transaction?
jbh001
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#4

Post by jbh001 »

luvmy8dz wrote:I guess that's my question--how do I create the positive transaction?
During the reconcile process, when you get to the Other Items tab, click Add item, adjust the date to the transaction date of the credit appearing on the corresponding CUFS, enter the reference number that corresponds to the credit, as it appears on the CUFS, select the appropriate Ward missionary category (or subcategory), enter the amount as a negative amount (e.g. -400.00), enter a reason for the "item" (such as: credit from other ward), then click the Save button.

I always ended up guessing wrong as to which way to enter an amount on this screen, so you may need to experiment with the entering the amount as a negative number and as a positive number until it balances out correctly on the Missionary column of the Unreconciled Differences section of the Report tab.
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aebrown
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#5

Post by aebrown »

jbh001 wrote:During the reconcile process, when you get to the Other Items tab, click Add item, adjust the date to the transaction date of the credit appearing on the corresponding CUFS, enter the reference number that corresponds to the credit, as it appears on the CUFS, select the appropriate Ward missionary category (or subcategory), enter the amount as a negative amount (e.g. -400.00), enter a reason for the "item" (such as: credit from other ward), then click the Save button.

I always ended up guessing wrong as to which way to enter an amount on this screen, so you may need to experiment with the entering the amount as a negative number and as a positive number until it balances out correctly on the Missionary column of the Unreconciled Differences section of the Report tab.

And you guessed wrong this time, too :rolleyes:. On the Other Items screen, positive is positive and negative is negative -- if you want a credit, enter it as a positive amount; if it is an expense, enter it as a negative amount.

So in the case at hand, what is desired is a credit, so follow the above instructions, but make sure that you enter a positive amount.
jbh001
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#6

Post by jbh001 »

Alan_Brown wrote:And you guessed wrong this time, too :rolleyes:.
Just my luck, I'm not surprised.:o
dshlvrsn-p40
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#7

Post by dshlvrsn-p40 »

This will help for the one reconciliation but when would that item 'clear'? Would the temporary item stay through the end of the year?
jdlessley
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#8

Post by jdlessley »

dshlvrsn wrote:This will help for the one reconciliation but when would that item 'clear'? Would the temporary item stay through the end of the year?
The item discussed here is an Other Item and not a Temporary Item. Temporary Items are carried over until they are resolved.
JD Lessley
Have you tried finding your answer on the ChurchofJesusChrist.org Help Center or Tech Wiki?
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aebrown
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#9

Post by aebrown »

dshlvrsn wrote:This will help for the one reconciliation but when would that item 'clear'? Would the temporary item stay through the end of the year?
An Other Item creates a Transfer that is immediately and automatically checked off in the reconciliation. You can view it in the View Transfers screen.
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