4.11.13 How should you key income from a Laundry Room i.e. people paying to use the machine? It shouldn’t go against a flat but should show as income om the accounts?

4.11.13 How should you key income from a Laundry Room i.e. people paying to use the machine? It shouldn’t go against a flat but should show as income om the accounts?

1. You would raise a third-party, ad-hoc demand to recognise the income from the washing machines (see article: 4.3.3 Raising Ad-hoc Demands). The ‘customer’ would be, for example, the launderette / utility room. You would raise a demand for the amount that you bank. So, if you have collected £100 from the washing machines and paid it into the bank then you would raise an ad-hoc, third-party demand for £100 for the usage of the launderette / utility room.
 
2. This then shows as income on the income and expenditure report.

3. When the funds are received into the bank then you record the receipt against the third-party invoice via the bank statement screen under finance

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