Explanation of Personify Transactions

Summary

This article will help explain Personify transactions and the effect on balances due to the AOA. The article also provides the account numbers that correlate with the Personify transactions.

Body

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
    

 

Details

Details

Article ID: 71990
Created
Wed 2/13/19 5:24 PM
Modified
Fri 7/10/20 12:20 PM