At the end of the school year, our PTSA collected membership dues but did not send in the State or National dues yet. I am creating May's treasurer report (TR). What is the proper way to treat Membership income on the TR before the new officers send the appropriate dues to our state?
Answers:
Advice from PTO Today
Craig writes: Enter the entire amount of the membership dues collected as income and the amount owed to state and national as liabilities.
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