Suspense Receipts
Recorded movements of un-allocated payments in RMS.
Suspense Receipts are the recorded movements of un-allocated Receipts in RMS.
Cash Accounting properties will notice this total value of movements included on the Management Cash Report, Daily Cash Report and Generic Financial Export if selected.
The Total Charges and Total Receipts for any given date will ordinarily not equate to the same value, when they do it is usually coincidental.
Suspense Receipt Amount demonstrates the movements of additional funds that were not yet allocated to an actual charge anywhere in RMS, eg. Deposits or Overpayments.
Whilst Receipt Allocation to Charges is managed on an account by account basis in RMS, an overall record of movement of the un-allocated amount of all Receipts is retained by RMS per date.
|
Key Points
|
Example
The below example represents a total of charges and receipts applied system wide on the basis no other financial data exists.
The below is a simplified example of how Suspense Receipt movements occur when Receipt Allocation to charges occurs in RMS.
| Day 1 | Day 2 | Day 3 |
|---|---|---|
| Charges $100 | Charges $100 | Charges $100 |
| Receipts $300 | Receipts $0 | Receipts $0 |
| Suspense $200 | Suspense -$100 | Suspense -$100 |
|
|
|