on 05-08-2013 9:07 AM
Dear All
I have non-profit organisation who is using SBO 8.82 to manage the Financial and to control the revenue and expenses and all revenue are depends on membership fees of this org. and should be paid annually. we are using recurring posting
Accrual Process
debit : the member (Business Partner as customer)
Credit : revenue account (Liability account)
Payment
Debit : Bank account ( asset)
Credit : The member (Business Partner as customer)
but some member are paying later after closing the year where in this case the P/L statement is showing that the revenue on the statment but is actually is unpaid the I changed the configuration where I added new asset account called unearned income
Accrual Process
debit : the member (Business Partner as customer)
Credit : unearned income account (Asset account)
Payment
Debit : Bank account ( asset)
Credit : The member (Business Partner as customer)
my Question is
in case the payment done how to make the
Debit the revenue account (Liability account)
Credit unearned income account (Asset account)
my regards
Hi....
You should make a simple Journal Entry to balance those accounts....
Regards,
Rahul
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Hi Elhadi Alshawish...
I think the Only way to do is using the Journal entry....
Regards
Kennedy
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Hi,
I am afraid you need create Journal Entry for it.
Thanks,
Gordon
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