I need help in resolving the transaction below.
Members details of money in and out is in seperate system to where i need to report the number therefore i need to to monthly movement transanction for below.
Loans to members. This is sitting as current assets in balance sheet and i need to show monthly movemet to this account. The only way i can think is using control account but was not able to think of entry to bring transction in entry.
Please can someone help.
Thanks
Replies (4)
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Nobody has replied properly as we cannot understand your query.
I thought it was just me. I couldn’t understand what the OP was asking.
Try two lines on the balance sheet, the second one below the first and showing the increase, or decrease,. Then first day of next month, journal that movement to the line above