On 3/4/24 11:34 PM, Blake Hannaford wrote:
1) At end of year, figure out the total dollar amount of unpaid invoices.
Check the Receivables Aging Report. This should give you the total you want.
2) Create a new Income account "unpaid sales"
3) Debit sales by the unpaid total and credit
I'm not going to comment on "does that sound right?" The accounts used
and workflow to temporarily convert accrual to cash are an accounting
matter, not a gnucash matter. As for there not being a "setting", that
make no sense. The difference between "cash" and "accrual" is LOGICAL
(the timing
Thank you all for helpful responses so far. It is too bad that accrual vs
cash invoice accounting is not a setting. At any rate I usually only have
a handful of outstanding invoices at a time.I propose the following:
1) At end of year, figure out the total dollar amount of unpaid
On 3/3/2024 10:46 AM, Blake Hannaford wrote:
Sometimes I send an invoice to a customer in year 1, but the payment is
received in year 2. Gnucash always seems to credit the Income/Sales
account when posted, but then my income for Year 1 taxes is overstated, and
Year 2 is understated.I know
udos Cordiales
>
>
> Murugan
>
>
> From: gnucash-user
> on behalf of
> Blake Hannaford
> Sent: Sunday, March 3, 2024 12:46 PM
> To: gnucash-user@gnucash.org
> Subject: [GNC] How can I book Sales when invoice is paid vs when posted?
>
>
Subject: [GNC] How can I book Sales when invoice is paid vs when posted?
Sometimes I send an invoice to a customer in year 1, but the payment is
received in year 2. Gnucash always seems to credit the Income/Sales
account when posted, but then my income for Year 1 taxes is overstated, and
Year 2
Sometimes I send an invoice to a customer in year 1, but the payment is
received in year 2. Gnucash always seems to credit the Income/Sales
account when posted, but then my income for Year 1 taxes is overstated, and
Year 2 is understated.I know you can select different accounts
receivable
