Owner has the Advance amount in the Income tracker and due in Utility tracker, he has requested to transfer the amount from Income Tracker to Utility Tracker. How to handle this on ADDA??

Owner has the Advance amount in the Income tracker and due in Utility tracker, he has requested to transfer the amount from Income Tracker to Utility Tracker. How to handle this on ADDA??

In Such scenarios, you have to issue invoice to the unit where Advance is present and Credit note to the unit where due is present.

Follow the steps below :

Step 1 - Go to Admin Dashboard>>Utility Tracker>>Member Income>>Sub Ledger

Step 2 - Click on the Invoice tab against the unit and issue the credit note >>Click on Post General Credit note tab available at the bottom of the page>>Fill in the required details>>Post a credit note

Step 3 - Go to Admin Dashboard>>Income Tracker>>Member Income>>Sub Ledger

Step 2 - Click on the Invoice tab against the unit and raise the invoice >>Fill in the amount>>to account select Internal Adjustment ledger. (If you don't see this ledger, create one under General Ledger>>Chart of Accounts>>under Member Income)>>Post amount.

After the above 2 entries, Pass the below journal entry to set off the ledgers:

Go to General Ledger>>Click on Journal Entries Tab>>Put the date, Debit the Internal Adjustment ledger and Credit the Credit Note ledger and fill in the debit and credit amount and Journal notes>>Click on Submit

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