How do I keep track of designated funds?

The internal accounts are designed to keep a current balance of designated funds.

When a deposit is made, designated funds can be put into the appropriate internal account. When money is deposited, the balance in the internal accounts increases to show the increase in available funds. The following example shows a deposit with money going into 4 different internal accounts.

Example Deposit with multiple designated funds

To use money out of designated funds, select the appropriate internal account on the check. The following example is using money that has been contributed towards the Building Fund.

Example check using Building Fund money

All activity on the internal accounts, including income, expenses and a current balance, can be found in the internal account section of the Periodic Financial Report.