Forum Discussion
Earl_HD
26 days agoMYOB Moderator
Hi Ferraloro ,
Thanks for your post. In this scenario, we recommend consulting an accountant for an accurate solution. Generally, bill payments and invoice collections should be separated. To give you an idea, you can create a Clearing Account by setting up a liability account called "Association Fees Clearing Account." When collecting fees from members, record the transaction by crediting the "Association Fees Clearing Account" and debiting your bank account.
Feel free to post again, we're happy to help!
Regards,
Earl