A few members of my church are participating in an upcoming missions trip. There are fees associated with this trip that each member is responsible for. The lead volunteer has paid and is paying some expenses up front and then the church is reimbursing her for those expenses. At the same time, the other members who are going on the trip are paying the church for their portion of fees that they owe.
1)How do I account for the fees the members are paying to pay off their trip?
2)How do I account for the lead volunteer's reimbursements?
I am using QuickBooks to track the church's finances. I think I may need to start using Fund Accounting in QuickBooks but I don't know exactly how.
Thank you so much for your help.(Please click on the comment link below to see the suggestions and comments of Vickey and others.)