Batching Accounts Receivables
Batching Accounts Receivable
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!