How should an auditor view Advance - Vendors?

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• How can I post an advance payment from a non-member vendor?

  We understand that advance payments by non-member vendors are uncommon, and ADDA presently does not have a direct mechanism for processing this in the vendor ledger. However, we have a recommended workaround option for you. Follow the below steps to ...

• What is the difference between "Advance" and "Deposit"?

  The terms "Advance" and "Deposit" refer to two distinct types of payments made by residents or property owners to the association. Advance An Advance is a prepaid amount made by a resident or owner towards future dues, such as maintenance charges, ...

• How does the advance collection allocation work on ADDA?

  ADDA offers two modes of advance collection: Mode 1: Collection through Payment Gateway (ADDA Resident App) Request ADDA support to enable the advance payment feature for your ADDA by emailing to support@adda.io Once enabled, residents can go to the ...

• How to post an advance for a member as an admin?

  To post an advance payment for a member, please follow the steps below: Step 1: Log in to ADDA >> Admin >> Income Tracker >> Member Income >> Search for the unit and click on 'Collections'. Step 2: Click on 'Post Advance Collection or Auto Allocate'. ...

• How to account Advance TDS entry deducted while making an advance payment to Vendor?

  We are accounting for the TDS while making an advance payment to vendors. This entry can be recorded in ADDA in below steps: A) Post the advance payment entry to the vendor account 'after deducting TDS amount': Step 1: Go to Admin –>> Expense Tracker ...