when doing a general journal entry on quick books, when you debit the bank and credit the other account, is it the same as the bank statement or is it the opposite. When doing reconciling, the debits are monies coming out and the credits are monies going in. So does the same apply to the program, debits coming out and credits going in.
Would you happen to have a video on how to set up a budget?
I am trying to set up a budget for a church. In our paper budget we had the main item (such as utilities) assigned a number (such as 2000). Then each sub-item (such as power 1995, water 1996 and sewer 1997) another number.
Each change in the sub-number would the automatically subtract from the main item. Some main items, such as Sunday School, may have 10 or 15 sub-items that makes up the main item.
when doing a general journal entry on quick books, when you debit the bank and credit the other account, is it the same as the bank statement or is it the opposite. When doing reconciling, the debits are monies coming out and the credits are monies going in. So does the same apply to the program, debits coming out and credits going in.
Deniseyshanoha 4 months ago
Would you happen to have a video on how to set up a budget?
I am trying to set up a budget for a church. In our paper budget we had the main item (such as utilities) assigned a number (such as 2000). Then each sub-item (such as power 1995, water 1996 and sewer 1997) another number.
Each change in the sub-number would the automatically subtract from the main item. Some main items, such as Sunday School, may have 10 or 15 sub-items that makes up the main item.
mckinleylen 11 months ago