Reimbursement of a withdrawal fee

Robert Butz on

We withdrew to much money for a withdrawal fee. We want to
reimburse the member. There is no category for this and we
cannot make one.

What we did was log it as a non deductible expense under
flowers.

Laurie Frederiksen on

Dear Robert,

This is not correctly recorded as a non-deductible expense. You will need to re-do the withdrawal entry and use a suspense account to record the actual cash movement that you had.

If you email the specifics of what happened to support@bivio.com, we can help you work through the entries you need to make.

Laurie Frederiksen
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On Thu, Sep 4, 2014 at 11:44 AM, Robert Butz wrote:

We withdrew to much money for a withdrawal fee. We want to
reimburse the member. There is no category for this and we
cannot make one.

What we did was log it as a non deductible expense under
flowers.

Mail