• Registered: 07/23/2009
  • Posts: 14

Topic: Unallocated funds

I have in the gl under the balance sheet item called unallocated funds account like a suspence account for debtors

How do I get that out of the GL account to credit the debtor once I know who the debtor is which could take a long time

thx

Gerrit

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Unallocated funds

You should use Customer Payment/Bank Deposits to enter your payments from your customers. If you have an initial suspence account, You could do a transfer from the suspence account to the Bank Account you normally use for customer payment. And then do a Customer Payment/Bank Deposit. Your bank account for customer payments is now evened out and the suspence account is zero.
But you now have access to future allocations for the customer payment. I hope you follow me.

/Joe