Tech Forum Archive

Adjusting balance in Other Category

4 postsstarted by chillbilly1 1,154 viewsoriginal topic

chillbilly1
New Member
#1
Several months ago we transferred funds from an Other category to create an initial account for a newly created ward in our stake. This was apparently a mistake and now we need to correct this deficit in the Other category from Budget. MLS doesn't seem to allow transferring or re-allocating those funds from Budget to the Other category. There doesn't seem to be much in the way of information on how to correct this other than "you need to fix this". Any ideas on how this is done?
daveywest
Member
#2
Write a check to your ward from the Other category and deposit into the correct account.
Bro. West
Assistant Stake Clerk - Finance (2 years)
Former Assistant Ward Clerk - Finance (3 years)
russellhltn
Community Administrator
#3
daveywest wrote:Write a check to your ward from the Other category and deposit into the correct account.
Right idea, but I think that's the wrong direction. Write a check from "Budget" and deposit into "Other".

I'm not sure which category of budget I'd write it from. Perhaps allocation?
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eblood66
Senior Member
#4
chillbilly1 wrote:Several months ago we transferred funds from an Other category to create an initial account for a newly created ward in our stake. This was apparently a mistake and now we need to correct this deficit in the Other category from Budget. MLS doesn't seem to allow transferring or re-allocating those funds from Budget to the Other category. There doesn't seem to be much in the way of information on how to correct this other than "you need to fix this". Any ideas on how this is done?
If you sent the funds originally using a check you may be able to just go back and re-categorize the check. But if you used an inter-unit transfer that may not be possible. I don't have experience with that.

If all else fails, you can write a check from budget and deposit it as a donation in Other. I'd recommend writing up a full explanation of what happened including references to the original transaction as the paperwork for the check for audit purposes.