Explanation of Personify Transactions

Mapping Required for Cash Basis
Affiliate On-Board Org
       
Acct # Account Name Debit  Credit
Sale of Membership      
AOA Lines:      
20100   A/R - Dues $875  
20100   A/R - PR Assessment $85  
20200   Dues Revenue   $875
20200   PR Assessment Revenue   $85
       
Affiliate Lines:      
13100   A/R $500  
40100   Sales   $500
       
       
       
Acct # Account Name Debit  Credit
Payment Received      
AOA Lines:      
????   Cash (not clearing) $480  
20100   A/R - Dues   $437
20100   A/R - PR   $43
       
Affiliate Lines:      
????   Cash - Clearing $100  
13100   A/R   $100
       
       
       
Acct # Account Name Debit  Credit
Write-offs/Adjustments    
AOA Lines:      
20200   Revenue - Dues $300  
20200   A/R - Dues   $300
20200   Revenue - PR $25  
20200   A/R - PR   $25
       
Affiliate Lines:      
50100   Write-off $250  
13100   A/R   $250

 

 

Transaction Summary 
  Cash Acct 13100 Affiliate Dues AR Acct 20100 AOA Dues AR Acct 20200 AOA Dues Revenue Acct 40100  Affiliate Dues Revenue 50100  Afiliatef Dues Write-off/ Cancellation
Sales of membership     $960.00 ($960.00) $0.00  
Payment Received $580.00   ($480.00)   ($100.00)  
Write-off   ($250.00)   $0.00 $0.00 $250.00
             
Net Transactions $580.00 ($250.00) $480.00 ($960.00) ($100.00) $250.00
      Net = ($480.00) - due to AOA    
             
             
 
  • Cash is dues payments received = $580.00
 
  • Net of 20100 & 20200 is cash collected for AOA dues and is amount owed to AOA = $480.00.  It appears as a negative amount because it is a liaiblity of the on-board.  
 
  • Acct 40100 is cash collected for AL dues and is the dues revenue to be recognized = $100.00
    

 

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