|NESFA® Treasury Procedures – Table of Contents||Last updated 24-Dec-2012|
When the Executive Board forgives someone's dues, the dues income account, IN-Dues, still must be credited, and the corresponding debit will go against the expense account EX-DuesForgiven or the liability account LI-MbrshpSchshp.
The Executive Board can charge a member's dues against the Membership Scholarship account when the member is technically excluded by the standing rules, but the Board considers that member to be worthy of a dues waiver nevertheless. The Membership Scholarship account was established in February 2012 by a donation.
Use the Tasks > Receipts... menu. Use customer ID Internal Crosscharge.
Enter EX-DuesForgiven or LI-MbrshpSchshp
as the asset account and the type of transaction as
These accounts may automatically appear when the Internal Crosscharge customer ID is
Then simply enter the proper membership type and name of the member
in the same way it would be done if it were paid
by cash, check, or advance account. Make sure the Clerk is aware of dues paid
or waived, and update the membership expiration date as described in
If a member whose dues had been forgiven repays any or all of the forgiven amount, enter a transaction to debit cash or the advance account, as appropriate, and credit EX-DuesForgiven or LI-MbrshpSchshp, as appropriate.