If an owner made an advance payment for works, this amount should be properly recorded in the accounting module, depending on the type of transaction.
➤ Situation 1: Owner advanced money to the condominium
Register a manual accounting entry in:
Accounting > Accounting Documents > Add
Posting instructions:
- Debit: Bank (Account
12...) - Credit: Owner (Account
2111)
➤ Situation 2: Owner paid the contractor directly
a) If there is a supplier invoice:
- Debit: Contractor / Supplier (Account
2211) - Credit: Owner (Account
2111)
b) If there is no supplier invoice:
- Debit: Expense Account (Account
62...) - Credit: Owner (Account
2111)
➤ How to refund the owner?
The refund should be posted as the reverse entry of the original transaction.
➤ If used as credit
If the amount is to be used as credit to offset outstanding quotas:
- Simply issue a receipt as usual to settle the open documents.