---

                     TO: Interested  Christians                                                                                              FROM: Jim Bramer, Retired CPA 
                                                                                                                                                                    FILE: 0425-01/01   

                     RE: Two Sides of the Same Dollar  (Coin)                                                                 Originated in October  2004       

---

          I encourage you to view your Personal Finance records like you have activity within two sides of the same dollar (or coin, if you prefer)  -- yea, they are equal yet separate.  Or, it is divided up in order to show a point in time record of the following:

            Side A -- Available Resources
                       Bank Balances - Checking or Savings                  

            Side 1 -- Committed Financial Areas

     Current Unpaid Credit Cards
     Available in virtual Envelopes (BuxBoxes) to be used for Life Style "Spending Now" Purposes
     SetASide (or Escrowed) for a Specific Longer Term Purpose  
 
     See a "Church Spending Control"  sample report below:   
           

QBooks Types:	Assets:
Bank	Checking- Savings		$16,787
	Total Assets			$16,787
	Liabilities:
Acct Pay	Credit Card or Payables			$  1,689
	Envelopes or BuxBoxes:
	SPFunds
Equity	Approved donor preferences	$       700
Equity	Building Fund	$    4,000
Equity	(Deficit) from earlier years	$   (6,362)
Equity	SetASide by the Board	$  15,774
	Total SPFund		$ 14,112
	GPFunds
	Available for this Years Operations:
Equity	Church Staff Costs	$      562
Equity	Missions Costs	$      234
Equity	Mortgage & Facility Operating Costs	$        56
Equity	Program #1 Costs	$        34
Equity	Program #2 Costs	$      100
	Total GPFund (Deficit)		986
	Total BuxBoxes			$15,098
	Total Liab & BuxBox			$16,787

      

Some of your activity will affect opposite sides of this dollar --

>>  For example, we will want to Increase amounts appearing in both Side A and Side 1. An example is to make a deposit into a Bank Balance resource and increase such balances within the applicable "SetASide" or "Envelope" committed areas
>>  Or we will want to Decrease amounts appearing in both Side A and Side 1. An example is to write a check and reduce both "Bank Balance" & the amount in the applicable "SetASide" or "Envelope" area.  Another example is to write a check and reduce both the "Bank Balance" and the amount of  Current Unpaid Credit Cards. 

While some of the transactions will affect the same side of this dollar --

>>  For instance, you buy via Credit Cards and you increase the balance in the Current Unpaid Credit Cards and decrease applicable balances within the BuxBox areas
>>  Another way is to transfer among Side 1 areas or move money to or from applicable SetASide or Envelope areas
 

==============================================================================

O B S E R V A T I O N

        Use of the above orthodox terminology is an attempt to NOT use the sometimes confusing vocational terms listed below that have unique meaning to professional Bookkeepers and Accountants, as they record financial transactions and carry out their responsibilities

>> debits
>> credits
>> accounts
>> assets
>> liabilities

        Since  the primary objective of the  eEnvelope system and the  eBuxBox system  is to provide tools in order for Christians to live within their income and prudently care for available  resources and their commitments,  we do NOT emphasize the acquisition or performance of investments.   We sometimes show in memo fashion the status of old debt that you are trying to pay off.

  

---

 FINIS:

      Please Click Here for a list of eEnvelope writings on www.bcidot.org.  Feel free to Email me if you have any comments or questions about any of these matters. 
       Remember -- It is my desire to encourage you in your Christian walk and to be "Your Servant for Jesus Sake:" Thank you.   II Corinthians 4:5B.   This was updated last: October 19, 2008   

Email Address:   Jim@bcidot.org  - Phone: (559) 298-5507  -- 
 Mailing Address:  2628 East Goshen Ave. - Fresno, CA 93720

http://www.bcidot.org  links:   eEnvelopes HOME  | :  ABOUT  US   |    eEnvelopes Purpose   |   SITEMAP   |   MFTeam HELPS
 

---