Ah, subscriptions received in advance are a liability—show them under "Current Liabilities" in the balance sheet until the period they relate to arrives. For outstanding subscriptions, if they relate to the current year, they're accrued income, but if not realized after a reasonable time, you might need to write them off and note it. The obvious answer is to always account for them, but in my audits, I've seen smaller donors sometimes stop paying if a project ends, so you must assess realizability strictly. Just yesterday, I saw an NGO book full outstanding subscriptions for a rainwater project in a village that's now abandoned—wish admin was as careful with money as my Amma is with my brother's fee envelope.
#money#career
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