What to do with interest?

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bedone
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Posts: 24
Joined: Thu Feb 04, 2010 8:04 pm
Location: Tucson, AZ

What to do with interest?

#1

Post by bedone »

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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Joined: Tue Nov 27, 2007 8:48 pm
Location: Draper, Utah

#2

Post by aebrown »

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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