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Re: Revenue for next year

Posted: 30 May 2008, 13:48
by Raouf Malek
Hi, All

How to set the income part related this year & other for next financial year .
Student paid 1600 for course for 8 months Sept 07 end on April 08 my financial ended 31/12/2007.

Regards

Raouf Malek

Posted: 04 Jun 2008, 11:46
by Gazzca01
I would suggest setting up a prepayment for the total amount paid, over 8 months. You run your monthend routine and part of the prepayment will be costed.

When you come to your year end you should only have a cost equal to apportioned prepayment run.

Hope this helps.