the independent online community for xero users
Accounting for subscriptions
Hi guys
Wondered if any of you had come across the following and have any suggestions
I have a society that has an annual subscription, but allows its members to pay by standing order over 12 months. Therefore each month there are 100's of receipts for the same amount, which need to be allocated against the subscription invoice. Problem is that some people cancel their subs s/o and not notify the society, who need to monitor o/s amounts etc.
Anyone got any ideas as to how this can be done easily on Xero?
Add a Comment
-
Comment by Andy Thornton on April 19, 2010 at 11:01 -
Hi David,
My best guess at this would be to have the members reference their payment with their membership number, then set up the Xero bank reconcilliation rules to match against the membership number.
Regards,
Andy
Follow us @xerousers
Recommended services
Ledgerscope - for accountancy firms
Movemybooks - xero conversion tool
Topaccountants - blog on accountancy & tech
Receipt Bank - expenses management
Nativespace - value web hosting
CapsuleCRM - xero friendly CRM
Squarespace - for easy website creation
Latest Activity
Rich Anderson replied to Rich Anderson's discussion Donation and Donor Management for Churches (or other non-profit)
sam swaminathan replied to Rich Anderson's discussion Donation and Donor Management for Churches (or other non-profit)"Sales Invoices - can the unit price be more than 2 decimal places? Could not find the setting.... Thanks"
© 2012 Created by Adrian Pearson.
You need to be a member of xerousers.com to add comments!
Join xerousers.com