Sub Specialty Contractor

Just curious how different companies apply rebate checks and dividend checks.  We currently apply, the checks to cash and add an entry to the respective G/L account where the payment was derived.  I'm considering making all checks received in the form of dividends and rebates be posted to a separate GL account "GM Other" therefore we can see what we generated in non-revenue GM $.  Is this a good idea or I am I complicating things?   just exploring a better way to handle cash receipts not associated with receivables. 

We would still apply credit memos in the same fashion 

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Tom Knittle
The Bosworth Company, LTD
Midland TX
(432) 683-5233
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Original Message:
Sent: 6/19/2023 10:23:00 AM
From: Tom Knittle
Subject: Insurance and Bond Dividend Checks

Just curious how different companies apply rebate checks and dividend checks.  We currently apply, the checks to cash and add an entry to the respective G/L account where the payment was derived.  I'm considering making all checks received in the form of dividends and rebates be posted to a separate GL account "GM Other" therefore we can see what we generated in non-revenue GM $.  Is this a good idea or I am I complicating things?   just exploring a better way to handle cash receipts not associated with receivables. 

We would still apply credit memos in the same fashion 

------------------------------
Tom Knittle
The Bosworth Company, LTD
Midland TX
(432) 683-5233
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