choose a different G/L account for scholarship/grant refunds
Csuite currently posts refunds for grants and scholarships to the G/L expense account for each. We would like the ability to select another G/L account for these refunds to be recorded in. Our past system allowed for a revenue account to be used so there was no netting of expenses and revenues from different years. If it is not possible for a default account to be set up, could a selection be made each time the refund is processed.
Sherry Hayes
shared this idea
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Caili Brading
commented
Agree from the previous comment- This would be better with what the original person said at the end as well. Selection be made each time the refund is processed.
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Anonymous
commented
This idea talks of a default or a selection made each time a refund is processed. I would prefer to make the selection each time it is processed. Usually if it is a refund of a prior year grant I want to put it to an income account. If it is a refund of a current year grant I usually want to leave it in the expense account but allow it to increase spendable so another grant can be made in the current year.