Stan, Nice point.
David. On Sun, 2022-11-27 at 12:57 -0800, Stan Brown wrote: > What David says is true. > > However, if you create two transactions: > Debit to Expense:something > Credit to AP:this vendor > and > Debit to AP:this vendor > Credit to Assets:Cash or bank account > then the vendor's account will show the whole history of your purchases > from that vendor. > > I think either way is valid from a strictly accounting standpoint. The > choice comes down to what reporting you think you might want later. > > Stan Brown > Tehachapi, CA, USA > https://BrownMath.com > > On 2022-11-27 12:43, David Cousens wrote: > > If you receive payment immediately all you need is to create a transaction > > debiting your relevant bank account and crediting the appropriate income > > account. If there is some external record you can use the ability to > > associate > > an image file of it with the transaction. Similarly if you pay a vendor > > immediately you can simply create a transaction crediting your bank account > > and > > debiting the appropriate expense account and associate an image of the > > receipt > > with the transaction. > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > 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 ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
