Ministry items bought by church for members to purchase

Our Women's ministry occasionally buys tshirts, crafts, books, etc. and then they are made available for purchase by the members. When they pay for these items, does it go through "income" or just applied toward the expense to offset the cost? Please advise! Thank you in advance!

Comments for Ministry items bought by church for members to purchase

Click here to add your own comments

Jun 11, 2019
Offset Expense Account
by: Vickey

You can apply it back to the original expense account...

OR

if you want to be able to see how much was spent and how much came back in for it ...

build a triplet account.

Build a parent expense account and title it something like "Women's Ministry Crafts/Misc"

then build 2 expense sub accounts under it titled:

1) "Crafts/Books/Shirts Supplies" ...or whatever you want =)
2) "Crafts/Books/Shirts Collections"

You can then collapse the 3 accounts into the main account or expand it to see how much was purchased and sold...depending on the report audience.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.



Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!