withdrawing member
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withdrawing member We have a member who is withdrawing and we want to pay her off in two or three payments. She will be getting cash and we don't want to sell any of our stocks. How do I handle this in the withdrawl page, where it asks if this is a total payment or a partial payment. Will she not be totally withdrawn until we give her all the money or can we divide this up somehow? Thanks for any help, Charlie Charlie, you have two choices: 1) you can record these withdrawals as they are occuring - i.e. partial withdrawals for the first payments, and a full withdrawal for the final one, or 2) you can enter a full withdrawal on day one, and consider the amount as a loan the member is making to the club, paid off over time. For 2), use a suspense account (with negative balance) to keep track of the loan amounts. --Ion Charlotte Lindner wrote: > We have a member who is withdrawing and we want to pay her > off in two or three payments. She will be getting cash and > we don't want to sell any of our stocks. > > How do I handle this in the withdrawl page, where it asks if > this is a total payment or a partial payment. Will she not > be totally withdrawn until we give her all the money or can > we divide this up somehow? > > Thanks for any help, Charlie |
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