NESFA® Treasury Procedures – Table of Contents | Last updated 18-Oct-2011 |
NESFA has an escrow account at UPS which is used to pay for shipping to or from NESFA. At one time, all deposits to this account were charged to SE-Postage, but that practice has ceased.
When we get an advice from UPS that the account has been used, enter it as a General Ledger transaction, debiting whatever expense-like account is appropriate and crediting AS-UPS.