Do any other churches out there utilize a "IN/OUT" Fund for monies that pass through the accounting system?
In a previous church as the Business Administrator our system had a fund set up for pass-through monies. For example, Altar Flowers, people paid for them and then the church paid the florist. It was named IN/OUT Fund.
At year end the remaining balance was rolled over to the new year. Have other churches used this system? What was your experience?