I am trying to keep track of Boy Scout accounts. Here is what I need can anyone guide me the way I should set this up, please?
We have a main Troop account that contains all the money that makes up all the scout accounts, but I need to know what the balances are of each scout account to I know how much money each scout has earned. I need to be able to add money and deduct to/from each scout account. Additionally I will need to transfer from the main Troop Account or add money to redistribute to each scout account.
Currently I have created Cash Account for the Main Account and a Control Account that is setup as a liability and that is then linked to the Scout accounts that are also cash accounts, these make up the Scout’s individual account.
I would also like to be able to get a report that would allow me to print the Balances for all Scout Accounts, Individual Account statements showing credits and deductions, and Credits/Deductions from the the Main Account.
I know this is a lot in one post but I would love any guidance anyone could provide. Thank you in advance