Swapping annual allocations between agent stakes

Use this forum to discuss issues that are not found in any of the other clerk and stake technology specialist forums.
pwilson
Member
Posts: 55
Joined: Mon Feb 05, 2007 1:52 pm

Swapping annual allocations between agent stakes

Postby pwilson » Sun Feb 01, 2015 5:45 am

What is the process for accounting for a "swap" of payments between two agent stakes crediting each other for allocations rather than writing checks to one another? For example if stake A owed stake B $300 for something and stake B owed a different allocation to stake A $300 for something else.

User avatar
aebrown
Community Administrator
Posts: 14693
Joined: Tue Nov 27, 2007 8:48 pm
Location: Sandy, Utah

Re: Swapping annual allocations between agent stakes

Postby aebrown » Sun Feb 01, 2015 6:22 am

pwilson wrote:What is the process for accounting for a "swap" of payments between two agent stakes crediting each other for allocations rather than writing checks to one another? For example if stake A owed stake B $300 for something and stake B owed a different allocation to stake A $300 for something else.

Between stakes, I know of no method other than writing checks. In my experience, there are relatively few such checks each year, so it's not a great burden, and it makes the audit trail and accounting much easier when there's an actual transaction to show that a particular allocation was actually paid.


Return to “General Clerk Discussions”

Who is online

Users browsing this forum: No registered users and 1 guest