ParishSOFT Accounting Revenue Reconciliation Process and ReportsOctober 2022This document has been compiled by the Internal Audit group to assist parishes in the revenuereconciliation process. Included are step-by-step instructions for pulling the ParishsoftAccounting Reports for comparison to the summary contribution data from ParishSOFT FamilySuite. NOTE: In order to make the reconciliation process easier, we highly recommend thatthe location match the funds names in PSFS to the liabilty and revenue account names inPSA. An example would include using 2020 Offertory and 2020 Offertory OLG, separating theoffertory and online giving in two different accounting ledger accounts and two different fundaccounts. See PSFS Contribution Summary Report.Pulling Reports From ParishSOFT Accounting (PSA)A reconciliation between PSA and PSFS is required to ensure accuracy, completeness, andtransparency of financial statements. Additionally, Archdiocesan Best Practice requiresdonation/revenue reconciliations and we recommend using a summary of Fiscal Year-to-Datecontributions through a given date range report from PSFS and PSA. For example, the auditormay request a summary of contributions through December 2020. In this case, the date rangeneeded is July 1, 2020 3 December 31, 2020.While it is possible to look at only one or two funds, it is strongly recommended that the parishpull the detail for all donations (second collections and mass stipends recorded in exchangeaccounts and offertory, building fund, votive candle, flower, etc. donations on the Statement ofActivities. Any misapplied contributions will be easily identified through this review. Anexample of a misapplied contribution could include Offertory postings for July 2020 that wereincorrectly posted to the Offertory 2019 fund (see step 15 for an example of a misappliedcontribution).1. Begin by logging in to ParishSOFT Accounting - PSA and selecting the Reports Tab, asshown below.115
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