Hi,. Am trying out the Non profit module to pitch ERPNext to a club. The club is a non profit organization wherein it makes money through membership fee and other services like an in house restaurant, boats mooring service etc.
I am trying to achieve following in the membership payment. Process is as follows
- Member pays advance membership fee for 1 year
- Payment entry is passed.
- The payment is considered as Liability.
- Each month the system moves the amount on pro rate bases from Liability to asset.
- 30 days before expiration of membership system generates new invoice.
- Cycle is repeated.
- If a member wishes to cancel the membership after payment then system shows the amount of refund. The amount resides as liability.
- System passes JV at time of refund.
- Membership is tagged as Inactive.
Please let me know if this is available in Non Profit module as I couldn’t find it. If not then has anyone done something like this and how. Thank you.