Hi there,
I am working for a non-profit and they have a project on the go where the head office of the organization has money from the sale of an old building that they have allocated to our project. We are pulling from that money as needed, the head office deposits the funds into our bank account and I write the cheque out of sage 50. This money does not need to be paid back.
The lady training me has given me some information but I don't see how it works so I need some help.
She has told me to create a fund under accounts receivable to debit and another under revenue to credit. When we get a deposit, put it in the receivable as a debit and then credit the revenue account.
Then I was told to write the cheque out of the correct bank account and debit the accounts receivable.
I did this under a test situation and it didn't work because the money didn't hit the bank account anywhere here.
The funds from the head office isn't revenue, we don't want it showing as revenue.
Thanks for the help 
