I'm not the original poster, so not sure about their situation. I'm guessing it is because it was in the top level category and not in a sub category labeled for a specific purpose. Our auditor once said having a balance in an Other account is not an exception. However, we received a letter this week to wards in our area with instructions to use the Other account appropriately. Not sure what people are doing to trigger that letter.edbrimhallwilson wrote:I understand that a negative balance should trigger an exception....
i suppose I'm too dim to get why having a few bucks in an "other" account
represents an issue, let alone an exception... Not an accountant.
Stake Audit automatic OTHER audit exception
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Re: Stake Audit automatic OTHER audit exception
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Re: Stake Audit automatic OTHER audit exception
Just being positive isn't an issue. However, if the funds are at the "top level", it means they are not earmarked for a specific activity (scout camp, youth activity, whatever). That would be an exception as it goes against policy. You shouldn't have funds that are not earmarked for a purpose.edbrimhallwilson wrote:i suppose I'm too dim to get why having a few bucks in an "other" account
represents an issue, let alone an exception... Not an accountant.
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Re: Stake Audit automatic OTHER audit exception
The particular top level OTHER account is named Authorized Member-Financed Activities:OTHER . Units of the stake can transfer OTHER funds into it such as those for Girls Camp. Once they arrive, the stake transfers those funds down into the Stake Authorized Member-Financed Activities:OTHER: Girls Camp account Theoretically funds in that top level account are not specifically assigned to a purpose. That is the issue the audit computer software picked up on. In reality they were not unassigned. They were just in transition.too dim to get why having a few bucks in an "other" account represents an issue, let alone an exception