Opening and Setting Up a Revolving Fund Account
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Each Union in the North American Division has a “Revolving Fund,” where churches and schools can earn interest on currently unneeded funds and others can borrow from these funds to help pay for needed upgrades or building projects.
If your church has never had a revolving fund account before, contact your conference office or google your union’s revolving fund. “Southern Union Revolving Fund.” “Columbia Union Revolving Fund.” Lake Union Revolving Fund” etc for instructions on how to set up an account and send a check.
Set Up an New Revolving Fund Account in Jewel
- Go to Maintenance / Edit Accounts
- Click on “Add New Account”
- Choose Type: “Bank Account”
- Enter an Account ID #. It will vary, depending on what other accounts you already have, but try to make it land somewhere near your other bank accounts.
- Enter “Savings - SURF” (or CURF or LURF or the abbreviation for your Revolving Fund) as the name.
- Go to the bottom of that column and change the “Statement Frequency” to quarterly. (Or can be reconciled monthly if it is active and you wish to do it that way.)
- Click on “OK √” to save and close.