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r • ~• <br />Account 016-400-410-411 is Water Sales and will be the summation of Sections A <br />and B of the Invoice, account 016-400-410-412 is Debt Service Billings and <br />will be the amount in Section C, and 016-100-110-001 is water accounts <br />receivable and will be the summation of section D. <br />After preparation of the Journal Entry to record the transaction, mail the <br />invoice to the entity. <br />COLLECTIONS <br />When you receive payment from an entity, record the payment by debiting Cash <br />and crediting the Water Accounts Receivable Account (016-100-110-001). <br />Policy X.xx.xx page 3 <br />