Issue

Member has cancelled their Insurance policy. Refund was paid back into the Fund. I would like to do a journal entry as below:

Dr Cash at bank  $$$
      Cr Other Income $$$

Resolution

To resolve this issue:

Step 1: Add a new Income Expense Type 

Step 2: Create Business Event at the Fund level

Add a new Income Expense Type

Navigate to Business Level > Settings > Fund Income

1. Select Fund Income to Category Type
2. Create a new Income Expense Type
   
   Example
   
   
   

Select the correct Tax Return Categorisation to reflect the income for tax purposes.

Create the Business event

Navigate to Fund Level > Transactions > Fund Income > Fund General Income 

1. Select the New Income Expense Type from Income Type drop-down list
2. Click on "override" next to "Allocate to" and select the relevant member.
   
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