Reimbursement for annual bivio subscription

Rhonda Dunn on

I followed the instructions for recording the proper entries
for reimbursing members for the bivio subscription. I set up
the account "Reimbursements" and entered $79 on 4/29/2015
and $179 on 4/24/2016 and then recorded the payments to the
members who paid it. (Jill in 2015 and Ashleigh in 2016).
My understanding is that this account (Reimbursements)
should have a -0- balance. However, it's showing a balance
of $258. Shouldn't the payments have zeroed it out?

Thank you.
Rhonda

cindy gerke on

I pay Bivio every year on my credit card since Post Offuce returned our check one year. The club writes me a check to reimburse. Entered into Bivio as bookkeeping expense with a note in entry for Bivio payment.

Cindy Gerk
Coles River Investment Group
On May 12, 2016 1:37 PM, "Rhonda Dunn" <rfdunn04@verizon.net> wrote:
>
> I followed the instructions for recording the proper entries
> for reimbursing members for the bivio subscription. I set up
> the account "Reimbursements" and entered $79 on 4/29/2015
> and $179 on 4/24/2016 and then recorded the payments to the
> members who paid it. (Jill in 2015 and Ashleigh in 2016).
> My understanding is that this account (Reimbursements)
> should have a -0- balance. However, it's showing a balance
> of $258. Shouldn't the payments have zeroed it out?
>
> Thank you.
> Rhonda

Laurie Frederiksen on

To reimburse members who have paid expenses with units you should follow these instructions:

Reimbursing Members With Units

If made correctly, when you are done, the balance in the "Reimbursements" account will be zero.

Laurie Frederiksen
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dennymccarthy on

We pay for our license with a check from our Club's bank account, enter it as a deductible expense in bivio, and it gets pro-rated to the members as a cost on their K-1's based on their individual unit ownership.

Denny McCarthy

From: "cindy gerke" <cgerke0@gmail.com>
To: "club cafe" <club_cafe@bivio.com>
Sent: Thursday, May 12, 2016 2:32:52 PM
Subject: Re: [club_cafe] Reimbursement for annual bivio subscription

I pay Bivio every year on my credit card since Post Offuce returned our check one year. The club writes me a check to reimburse. Entered into Bivio as bookkeeping expense with a note in entry for Bivio payment.

Cindy Gerk
Coles River Investment Group
On May 12, 2016 1:37 PM, "Rhonda Dunn" <rfdunn04@verizon.net> wrote:
>
> I followed the instructions for recording the proper entries
> for reimbursing members for the bivio subscription. I set up
> the account "Reimbursements" and entered $79 on 4/29/2015
> and $179 on 4/24/2016 and then recorded the payments to the
> members who paid it. (Jill in 2015 and Ashleigh in 2016).
> My understanding is that this account (Reimbursements)
> should have a -0- balance. However, it's showing a balance
> of $258. Shouldn't the payments have zeroed it out?
>
> Thank you.
> Rhonda