When one to use. 1fund or 5 fund. Definition of fund?
We purchased the full accounting package and see both the 1 fund and 5 fund package.
my question is this. What is definition of fund? We will have 4 checking accounts,i.e. 1. General Fund, 2. Benevolence, 3. Money market, & 4. Investment. During the year we will have special collection for: Disaster Relief, Zambia School, Agape of NC, Regular contribution. Are these the funds? I am good with numbers but am NOT an accountant. Having trouble getting the concept of funds in my mind. I hope to get setup and ready to start using in Jan 2019. Thank you. Basically just need setup tips that are not addressed in helps.
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