How to interchange the credit amount from one flat to another?
Debit the credited flat with an ad-hoc invoice. Give the credit note to another flat with the same amount. Post Journal Entry between posted ad-hoc invoice and credit note to make it nullify.
Step 1 – Pass the credit Note (for the flats which is having due)
Step 2 – Raise an ad-hoc invoice (for the flats where there are advance members).
Step 3 – Pass the journal entry – on the same date between:
Income a/c (Ad-hoc) Dr
Credit Note Cr
How to post credit note to non member Income?
We can post the credit to non-member Income with the below steps: Step 1: Go to Admin >>Income tracker >>Non-Member Income Step 2: Click on the Invoice button respective to the vendor. Step 3: At the bottom, click on the 'Post a credit note' option. ...
How to Post Credit note in batch or through excel template?
As an admin, if you intend to waive any charges for owners or tenants, you can generate a Credit Note. You can post credit notes in bulk by following the steps outlined below: Batch upload:- Step 1: Login to ADDA >> Admin >> Income Tracker >> Member ...
How can we get amount breakup which is settled by payment gateway?
We understand your concern regarding the reconciliation of Payment Gateway payment settled into the association bank account. The settlement of PG transactions by the payment gateway provider is in batch, eg. Assuming that there are 12 residents who ...
How to add more than one user to a single unit?
Admin may need to create more than one user accounts for a flat, like for Spouse, Parents, Tenants, etc. You can categorise them as Owner Family or Tenant family. On ADDA you can create multiple users accounts for a Unit, as easily as you create a ...
Flat Rate vs. Annual Interest Rate calculated daily
The Best Practice method of Late Payment Penalty calculation uses an Annual Interest Rate on the Actual Outstanding, calculated on a Daily Basis. This method is legally sound, used by all Financial Institutions as well as explicitly mandated by some ...