[Busmanagers] Balance Day adjustments

[Payne, Debbie R]

Hi

I have just got back from the end of year rollover training and it
covers these areas.

 

Debbie Payne

Business Manager

Dorset Primary School

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Maxwell,
Noleen N
Sent: Tuesday, 28 November 2006 11:09 AM
To: Business Managers' Mailing List
Subject: [Busmanagers] Balance Day adjustments

 

Morning everyone.

 

I'm not sure about balance day adjustments.

 

 I have just paid a deposit for a 2007 school camp and have also been
receipting 2007 school fees. In the process guide 'Timing' it states
that it's preferable to do the adjustments at the time of entering the
invoice, but that they are normally done at the end of the year. Should
I do the adjustment for the payment made and fees received now? Do I
then do the reverse entry after I've completed start of new year in Jan
2007?

 

 

 

Noleen Maxwell

Business Manager

Bayswater South Primary School

Phone: 9720 4147

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

 

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