I have iset up starting balance for two individuals for dining arrears of £32 each.
I have set up a control account “members dining arrears” as a balance sheet item under assets-other assets.
I have a sales invoice created in the period detailing the dining debt for the BS Ledger membersdining arrear and thge individual name. A receipts is subsequently recorded against the invoice and correctly shown on teh invoice view.
When I view an accrual based BS report the sums are correclt shown, When I run a cash BS for teh same period the amout shows as a spurous £4.36 and not £32
I am not using cash accounting but wondering why this shows on the cash BS? and not on teh accrual BS?
@Gally, based on your previous posts, you have been doing accounting for your organization for years with Manager. Unless these members had outstanding debts on the day you transitioned to Manager, you should not have entered starting balances for them.
You did not say what type of control account Membvers dining arrears is. So it is not possible to offer much advice. However, you should not have created a sales invoice to record the amounts in arrears. The sales invoice should have been created when the dining occurred. As long as those sales invoices remain unpaid, the debt will remain in Accounts receivable. If I understand what you did, you have charged the members twice for the same meals.
To understand this, we would need to see edit screens for all transactions and accounts involved.