Pledge to a church -- how to account for it?
Matej Cepl
cepl at surfbest.net
Thu Dec 23 00:35:29 EST 2004
Hi,
I have an accounting problem. We have pledged a year with my wife to pay to
the church some fixed amount up front and then monthly $50 for building
campaign. However, I have not managed to create a way how to account for it
properly. I have created a special account Liabilities/Building Campaign
and put there all money we pledged (minus the amount we paid immediately).
Then I decreased that amount monthly by $50 against the checking account.
The problem is that I do not get increased Expense:Charity:Building
Campaign account so these payments are not reflected in our expenses. I
have to probably make one more account somewhere, but I have not figured
out where and which one.
Can you kick me into the right direction, please?
Thanks,
Matej
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Matej Cepl, http://www.ceplovi.cz/matej
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