I recently started as the treasurer at our church. I do have experience with quickbooks online bc I keep books for my husbands landscaping business however the funds are so different. Before me everything was tracked with excel sheets so I am now starting with a fresh Chart of accounts. There are roughly 30 categories of funds that I need to track with a running balance available. These funds are all within the same checking account. There are basically two different accounts. #1 money is donated for a specific mission. We collect the money and at the end of the month the money gets sent to that particular group. in other words we just house it and pay it forward #2 is funds that are donated and used within our church. For example, a donation is made to be used for flowers. I then need to track expenses used against that category. How is the best way to set this up. They #2 type of account will all have starting balances. Any advice?
