Please read over my original reply again. I gave you the transaction
templates that illustrate what you are looking for.
Step 1 is recording the accrued expense. This should be dated when the
expense was incurred. (when service rendered)
Step 2 is entering the Vendor Bill which accomplishes
That's only if you do everything manually as you describe.
You could also use the Business Features to enter the Accountant's
Invoice (Bill) to you, and then enter a payment to clear it.
The line item(s) of that Bill, would connect to your Accrued Expenses
account, though admittedly, not
I think I've cracked it. Thanks to Adrien and David for the pointers.
I have created an Accrued Expenses account in:
Liabilities:Accrued Expenses
At the final day of my current accounting period I create a transfer
which adds money to this account as such:
Actions > Transfer
Within the pop
I will try to ask another way.
My normal process...
## Entering an Invoice from Vendor ##
Business > Vendor > New Bill:
* Set date opened to the date of the transaction - eg when received
the invoice.
* Select the vendor.
* Maybe add notes.
On the invoice entry page:
* Set each
Wesley,
you have to think through what the objective of the accrued accounting
expense is and that is to charge the expense to the expense account as
it accrues. You will eventually have to pay the money to the
accountant when he presents his invoice so the total accrued amount is
a liability
This is essentially a basic accounting question, not so much 'how to do
this in GnuCash.'
The exact accounts used are up to you, but generically between an
accounts such as:
Dr. Expenses:Professional Services
Cr. Liabilities:Accrued Expenses
When the invoice is received, draw down the
Dear users,
I'm a basic level user of GNUCash, and generally enter transaction
details mostly by raising bills/invoices and subsequently processing the
payments. The only exceptions to this are how I enter my salary
payments, and transfers between my company and private accounts covering
