Batching Receivables

by Tana
(Canada)

Hi there, I have a question regarding the dates you should enter if you are batching entries. We are a charitable organization that takes in donations in a variety of payment methods and batch by payment type. currently when we date the entry we date them differently:

- donations in cheque form - we date by date of deposit in the bank
- donations in credit card form - we date by the day we called them in
- receiving a cheque from a funder - we date the date we received the cheque in the mail

I am just wondering if the rule of thumb is to be consistent and in this case keep them all the day they were processed/deposited or not

Thanks so much!

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Accounts Receivable Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Like Bookkeeping-Basics.net?