...
Customer pays in advance for some of the session
Note the same journal is generated if the customer pays 100% in advance of the session - just the deposit will be the full amount of the sale.
Customer deposit (50%) for a therapy ($140)
...
As above with a revenue line reducing the amount the customer gets as a credit
Deposit
...
Write off
Invoice rounding is the write off account and the amount needs to include GST - say a credit note with an open amount of $70 is being written off
GL account
DR
CR
Bank
30
Customer Deposits
GL account | DR | CR | Revenue (deposit expired) | 30 | Customer Deposits | 30 |
|---|
Customer Credit of Deposit - return funds to customer
Invoice Rounding | 63.64 | |
GST | 6.364 | |
Customer Deposits | 70 |
Customer pays 100% deposit prior to session - session now completed and no payment required
When the customer does not need to pay - a sales journal is still required
Customer pays any deposit then the health fund refunds more than the balance
Payment of the Therapist (Therapy less rent)
GL Account | DR | CR |
|---|---|---|
Service BUY GL account - Therapy amount | 100 | |
Service (Rent) | 20 | |
Bank | 80 |
...