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.


you should have an item that links to the deposit liability account

members would be customers

create a sales receipt, list the item for the services they used, then as the last item use the deposit item, set the qty to negative one, and enter the amount needed to pay the total, save

that pays the customer charges from the deposit liability account,

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