Hi, You are correct, the *business* features only account in accrual mode, not cash. In MOST cases this is not an issue; you just need to be careful around accounting-period boundaries.
And FYI, Steve, this is not a new issue: https://bugs.gnucash.org/show_bug.cgi?id=95700 -derek On Sun, September 12, 2021 7:53 am, Maf. King wrote: > Just £0.02 that came to mind upon reading your message, Steve. > > If you are on Cash basis, then (strictly speaking) there is no need to > ever > have A/P or A/R accounts and ageing in your books. If you want to create > your > invoices in GC, have you considered trying a workflow whereby you do not > post > your invoices into GC until the actual payment date? I think you will > still > be able to "print" invoices from GC, but the reporting will be fully cash > basis? > > Or, of course, you could create your invoices outside of GC (Writer, Calc > etc), and just treat them as simple (ie non-invoice) txns in GC, on the > relevant date - though I appreciate this may be doubling the data entry. > > As I said, this is just £0.02, and it may not work for you in practice.... > I > will add that I managed to make GC do Accrual basis using the last version > before the business subsystems were written (by Derek - about v1.6, IIRC), > so > it doesn't seem to me correct to suggest that GC "can't" do cash basis, as > that was default behaviour in the early days. > > Maf. > > > On Sunday, 12 September 2021 00:39:30 BST Steve Morrow wrote: >> I spent much of today evaluating GnuCash for use with my U.S. based >> small >> business. I found it to be robust in its functions. >> >> >> >> Unfortunately, it only supports the accrual accounting method (income >> and >> expense recognized when invoiced or billed). My business uses cash >> accounting method (income and expense recognized at time of receipt or >> payment). >> >> >> >> I highly recommend an enhancement to add an accounting method option for >> accrual or cash method. >> >> >> >> This makes a big difference in reporting! >> >> >> >> Steve Morrow >> >> >> >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> If you are using Nabble or Gmane, please see >> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. > > > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.