It is not required that you record reimbursements, insurance proceeds or any type of rental income into contributions. It is not required because this money is not a tax deductible contribution to the church. This income can be entered into Contributions. The following steps will allow you to enter the income without the money being included in the calculations for Allocations or budgets.
- Create a Contribution Fund specifically for reimbursements or rental income. Use a name that accurately describes the income.
- Set the fund as non tax deductible. Non-deductible funds will not appear as income on the Allocation or Annual Reports.
- Post the money to the new fund.
Remember that in most cases reimbursements will be In/Out transactions.