How to set up a Credit Account?
Here is the situation: Our company is moving to a credit system where members pay money on account to use for various services we provide. Similar to a Prepaid Credit Card.
Funds received are accumulated in a single Liability Account and immediately deposited to our Bank Account.
When the funds are used, we need to track what it was used for: for instance an excercise class, coffee from the lounge, etc.