I do accounts for a club in my work place. The club organises multiple recreational activities yearly for staff, example, a Run (like a half marathon). The club accepts cash for those recreational activities and spend them to purchase goods needed for that same activity.
Recently, i made a purchase for some goods and was invoiced $10000 by the supplier. When the goods arrived, i was asked to pay (to the courier service provider, $100 as courier fee) and this will be ‘off set’ from the total invoice of $10000. So i now, only need to pay $9900 directly to the supplier.
How can i allocate all these transactions in Manager?
I initially wanted to create a ‘debit note’ of $100 against that invoice, but not sure which ‘account’ or ‘subaccount’ to allocate this. any idea?
I have initially created a subaccount, named 'recreational income (under income subaccount) - to allocate monies collected for all recreational activites and another 'recreational expenses (under espenses subaccount - to allocate all monies spent for recreational activities