Remember, this isn’t “real” money moving around – it’s budget money. This transaction will however be reflected in all reports.
In this example, funds will be moved from the Transportation budget category to the Football Concessions budget category.
Note: This will overstate both income & expenses and is important to remember when filling out the 990 or 990EZ.
Connect your Venmo account to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
— Import transactions
— Read-only feeds
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Connect your Stripe Account to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
— Import transactions
— Read-only feeds
— Stringent Security, Privacy and Compliance
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Set up a MoneyMinder Store free. Just pay 0.4% /transaction*Setup and activate a custom, secure online store in your PRO account. Collect payments for anything: fundraisers, membership dues, event tickets and more!
*Transaction fees apply for credit card and e-check purchases.
Connect your Bank, Square and PayPal accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
— Import bank transactions
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Search over 12,000 banks to see if your institution is supported. Not sure about a full bank integration? The add-on also gives you the ability to import QFX, QBO, or OFX reports.
Email us to turn on Bank Integration: [email protected]
Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
— Import transactions
— Read-only feeds
— Stringent Security, Privacy and Compliance
Email us to turn on your Square Integration:
[email protected]
Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
— Import transactions
— Read-only feeds
— Stringent Security, Privacy and Compliance
Email us to turn on your PayPal Integration:
[email protected]
Join It is a membership management service that helps businesses and nonprofits effectively sell, track, and grow their membership.
Integrate MoneyMinder and Join It to automatically sync up your membership and payments. Membership payments are imported into your Join It bank account and Members are inserted into your MoneyMinder contacts seamlessly when they are created or updated.
There is no additional charge for this integration.
4 Comments
So is this setting up a faux $0 transaction in the bank account register?
I had thought about setting up a “Clearing Account” for just this sort of category-to-category transfer, where every transaction would be a net $0 transaction, so I could keep these non-bank transactions out of the bank check register.
Hi Roger,
Yes, this type of transaction would be recorded in the bank register. You can set up a “Clearing Account” to keep them separate if you’d like. Keep in mind, that these transactions will inflate both income and expenses.
I need to do exactly what the example shows but when I ‘add a split’ how do a denote a withdrawal (negative amount) from one category and a deposit (positive amount) in the other?
Hi Megan,
Great question. If you follow the example in the knowledge base link, the negative portion of the split is the budget category that you are moving funds into.
Don’t hesitate to reach out if we can help.
Warm regards,
Julie