Technically, if they pay it this year, it’s a liability since it’s not your money yet. So record it as a liability like Deferred Revenues, then credit the proper income account next year.
If you wanted to do it really correct, credit 1/12 of the fee to the income account each month next year. > On Oct 19, 2023, at 9:28 AM, Eric <[email protected]> wrote: > > I am doing the accounts for a small club/association. Each year is already a > separate ledger file. > > People often pay next year's membership subscriptions this year, so how > should I record this in ledger this year (when they paid and we have the > money) and next year (when it is a current membership)? > > Details of who paid and what kind of membership it is should be easily > reportable for memberships valid in a single year from just that year's file. > > Thanks for any suggestions. > > Eric > > > -- > > --- You received this message because you are subscribed to the Google Groups > "Ledger" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/ledger-cli/a35f87759ddc64169c17809fb0ce72a2%40bruno. -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/7AE937BA-3A54-4FE8-B796-CB695A55078B%40gmail.com.
