Advance Fee Allocation

Advance Fee Allocation


When advance fees are received, we select the specific year to which the payment must be allocated. However, when we transition into the new financial year, these payments are not automatically allocated to the selected year and are instead transferred to a suspense account. This creates unnecessary administrative work and reconciliation challenges. We request that this functionality be reviewed and adjusted so that advance payments are automatically allocated to the year originally selected, without moving to suspense.