accounting question
What is the difference between reversing a balance and writing off a balance (accounting-wise) I feel my income is skewed as we routinely have 700 -1000 in balance due memberships, that I will never see as income....members who never come back or return after many months and dispute charges. I guess my question is - what is the best way to have my actual cash income match my RGP accounting? Sorry for the long question.
Comments
Reverse the balance or void the membership transactions if you want the old transactions to "vanish".
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