Communications
club_cafe
HelpRegister
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be totally withdrawn until we give her all the money or can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 be totally withdrawn until we give her all the money or can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