What to do with interest?

2 postsstarted by bedone 2011-02-20 23:48 UTC936 viewsoriginal topic

New Member

#1
2011-02-20 23:48 UTC

Before CUBS, interest accrued was credited to the Ward Missionary account each month as part of the reconciliation process. I've noticed that post-CUBS, interest is being credited to the "Other" account.

Is there a process in place to do something with interest? It's only a few cents each month so it seems like a waste of time to write a check and deposit it into another account. On the other hand, funds in the "Other" account are supposed to be earmarked for a specific purpose, and this isn't.

aebrown

Community Administrator

#2
2011-02-21 00:22 UTC

bedone wrote:Before CUBS, interest accrued was credited to the Ward Missionary account each month as part of the reconciliation process. I've noticed that post-CUBS, interest is being credited to the "Other" account.

Is there a process in place to do something with interest? It's only a few cents each month so it seems like a waste of time to write a check and deposit it into another account. On the other hand, funds in the "Other" account are supposed to be earmarked for a specific purpose, and this isn't.

This has been addressed in the thread Interest Transferred to other Account.

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