Bottom Line
The call resolved a recurring accounting question about ticket resale coding, established a new process to avoid future issues, and reviewed progress on the annual financial compilation and payroll reporting.
Key Takeaways
Ticket Resale Process:: A coding issue for physical check ticket sales was resolved by deciding to bypass invoice creation entirely and send checks directly to accounting with an explanation.
Annual Compilation:: The team reviewed the status of the annual financial compilation, with several items (debt statements, vehicle assets, sales tax) pending final review from JD.
Payroll Review:: Preliminary payroll figures were reviewed, with Lottie needing to correct a data error and clarify the inclusion of employee tax portions.
Decisions Made
• For future physical check ticket resales, Jessica will not create invoices; she will deposit checks and email accounting with details — decided by JD/Garrett
• Two miscoded ticket resale deposits ($4,500 total) will be corrected via journal entry to the proper account — decided by JD
• No need to set up a 'Ticket Sales' item in the invoice system, as the new direct-deposit process eliminates the issue — decided by JD/Garrett
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