How to interchange the credit amount from one flat to another?

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


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