Creating Annual Dues Invoices for small 33 home HOA
I recently upgraded from Windows Personal to Windows Classic Home & Business. I've created a new database with separate User ID for the HOA and have added all the homeowners as customers and added our few vendors. When I go to the menu to try and create a customer invoice for the annual HOA Dues, a popup says I need to create a Receivable and payables account. Then some menus come up to select bank. I already have the bank account added and it shows as an account. Do I just need to add a receivable and payables account in the chart of accounts? Is there a fee for using these invoicing features? We don't currently accept credit card payment for dues and if we did would need the homeowner to pay for paying by credit it it meant a charge to the HOA. Thank you in advance for any help you can give. Alternatively, is it just simpler to create and send invoices using a Word/Excel mail merge?