[Busmanagers] Balance day adjustments.

[Reidy, Jonelle A]

Noleen,

 

If you have just receipted them as unallocated and do not intend to put
your invoices on until 2007, you do not need to do a balance day
adjustment.  Just remember that your uncommitted bank balance at the end
of 2006 will include any unallocated funds you have banked.

 

Jonelle 

Grovedale West Primary School

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Maxwell,
Noleen N
Sent: Wednesday, 1 November 2006 12:48 PM
To: Business Managers' Mailing List
Subject: [Busmanagers] Balance day adjustments.

 

I'm probably a complete dill, but I'm getting quite confused with
balance day adjustments. We have received parents payments in respect of
2007 school fees  and have chosen to receipt them as unallocated. As
unallocated they did not require GL receipt code and are sitting in
accounts receivable in the balance sheet. Do I have to do a balance day
adjustment and if so what GL code do I use?

 

Your help would be most appreciated.  

 

Noleen Maxwell

Business Manager

Bayswater South Primary School

Phone: 9720 4147

maxwell.noleen.n1 at edumail.vic.gov.au

 

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