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doubleentrydave


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school fees paid in advance
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Hi,

I am coming up to my year end 31 August and I am using Sage 50 accounts.

I receive school fees of £10k payable in advance into the bank account by direct debit on 30th August

I intend to dr cash 10K cr Fees paid in adv 10K as at the 31 August. In September I need to update the parents accounts with a fee invoice and credit the parents accounts with the dds in the Customers module and reverse the pre y-e entries

Can anyone see any problems with this , or should I simply schedule the direct debits for 2nd September

Any advice much appreciated.

 



-- Edited by doubleentrydave on Thursday 15th of August 2013 12:37:40 PM

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