IraS1@aol.com wrote:
> In a message dated 2/12/2007 10:41:59 A.M. Eastern Standard Time,
> mmurrell@bivio.com writes:
> On
> another note.....does Bivio have a "suspense"
> account?
>
>
> Sure, if you create it. I've been using one for years.
>  
> Ira Smilovitz

Ira,

Thanks for the reply. Could you give me some examples of
when there is a need for the suspense account. I have been
keeping club books with IClub for years. The only time I
can remember using the suspense account was to facilitate
the payment of a withdrawing member.

I am sure there are other uses that would make my
bookkeeping more simple...I just don't know what they are
<grin>

MARIE L. MURRELL writes:
> I am sure there are other uses that would make my
> bookkeeping more simple...I just don't know what they are

There are two cases we recommend: Out of pocket expenses and
withdrawals.

Out of Pocket Expenses is covered in our help topic, here's an
excerpt:

    You can handle out of pocket expenses by members without a checking
    account. Instead of writing checks, members pay for expenses
    directly with their credit cards. This is how many companies
    handle expenses. The member then submits an "expense report"
    to the treasure who enters the expense and reimburses the
    member with units, instead of cash.
        
    Learn more at http://www.bivio.com/hp/out-of-pocket-expenses.html

For withdrawals, you should enter them in the Suspense account, issue
or write the check, and then identify an account transfer when
AccountSync records the transaction.

We tend to recommend you create two accounts for the two problems, but
you don't have to, and can use the traditional Suspense account.

Rob